§ 1118 Mediated Oral Agreement Rules
Two friends argue over who gets to keep a shared bike. They go to a mediator and agree out loud that one friend will buy the other’s half for $50.
The mediator records their agreement. Both friends say on the recording, 'This deal is final, and we can’t change our minds.' The mediator writes down what they said, and both friends sign the paper the next day. Now the deal is official, and no one can back out.
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§ 1118 Mediated Oral Agreement Rules
Last verified: January 22, 2026