The parties to the contract and any broker who signs this addendum agree to negotiate in good faith in an effort to resolve any dispute related to the contract that may arise between the parties or between a party and a broker. If the dispute cannot be resolved by negotiation, the parties to the dispute shall submit the dispute to mediation before resorting to litigation. The parties are also informed that mediation is a voluntary dispute resolution process in which the parties to the dispute meet with an impartial person, called a mediator, who will help to resolve the dispute informally and confidentially. Mediators facilitate the resolution of disputes but cannot impose binding decisions. The parties to the dispute must agree before any settlement is binding.
Amarillo Texas Agreement for Mediation
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