Family business succession dispute: How to reach a faster agreement through Mediation

Abstract

This study is set out to test whether mediation is one of the fastest ways to reach an agreement in the case of family business succession disputes. The focus of the study was to determine that whether mediation is an effective way or litigation when compared with each other. Mediation is a type of, alternative dispute resolution, which is efficient and effective, whereas court appeals are costly and time consuming. With the help of secondary data analysis this study was able to narrow down its focus on that mediation is a fastest way to resolve the family dispute or courts. In this study a comparison between negotiation and mediation is also done. Primary data was collected by conducting three interviews of Brazilian family businesses. This study has concluded that mediation is the one fastest and effective way to reach to an agreement and to solve the disputes.