What does M&C mean in BUSINESS
Meet and Confer is a type of alternative dispute resolution which is utilized in some legal cases to help settle disputes out of court. It involves both parties talking together in an informal, structured setting. Below are some frequently asked questions about the process.
M&C meaning in Business in Business
M&C mostly used in an acronym Business in Category Business that means Meet and Confer
Shorthand: M&C,
Full Form: Meet and Confer
For more information of "Meet and Confer", see the section below.
Essential Questions and Answers on Meet and Confer in "BUSINESS»BUSINESS"
What is Meet and Confer?
Meet and Confer is an informal type of alternative dispute resolution that involves both parties meeting in a structured setting to discuss and try to reach an agreement on a legal issue.
Who usually attends these meetings?
Generally, each party to the dispute brings their lawyer, any other representatives from their respective party, as well as any necessary expert witnesses.
Is there any specific way the meeting should be conducted?
Yes- the parties usually meet for a period of time to discuss and exchange relevant information, documents, or evidence that either side has related to the case. Each side generally has an opportunity to present their arguments or evidence in turn without interruption from the other side.
How long do these meetings typically take place?
The length of these meetings can vary depending on what needs to be discussed but they typically last between 1-2 hours.
Does an agreement need to be reached at this meeting?
Not necessarily- while both sides should strive to reach an agreement during this meeting if possible, it isn't always required for them to resolve all issues right away. If no definitive conclusion is made after one meet and confer session, additional sessions may be schedule.
Final Words:
Meet and Confer is a great tool which can help both sides avoid expensive legal costs by negotiating their settlement out of court without having to go through litigation processes like arbitration or trial. Although agreements need not necessarily be made during the first session, by seeking agreement through conversation rather than adjudication both parties will likely benefit from lower costs and possibly faster resolution of their dispute.