Write a Mediation Statement

Mediation Statement for Contract Dispute Between Company A and Company B Student Name Institutional Affiliation Course Code Instructor Date Introduction Companies may have conflicts due to breach of contracts; thus, mediation is necessary to restore a good relationship. As a mediator between Company A, a large aerospace manufacturer, and Company B, a major supplier of aircraft components, I aim to help both companies come to a mutually beneficial resolution regarding a contractual dispute that has damaged their long-standing business relationship. Key issues The main issue of the conflict is company B failing to deliver new aircraft parts as agreed per their contract with company A. Company A asserts that the 3-month delay directly led to their inability to meet a major client deadline, resulting in substantial penalties. They seek compensation from Company B for the penalties and lost revenue. Company B argues that the delay was due to an unforeseen internal system error that was outside their control. They reject Company A's demands for compensation, arguing that the contract terms do not require this for unintentional delays. There are also disagreements about the reasonable timeline for correction and whether Company A exacerbated issues through poor planning and communication. Perspective from Company A Company A feels the late part delivery represents a breach of contract by Company B and led directly to substantial financial losses for Company A. They argue the contract terms make Company B liable for all late delivery penalties incurred by Company A, regardless of intent or circumstances, they argue they violate delivery/completion date clause (Time of the Essence, Force Majeure &...