Oregon Statutes - Chapter 36 - Mediation and Arbitration - Section 36.260 - Mediation agreement; effect of agreement.

(1) If an agreement is reached between the agricultural producer and a creditor, the mediator shall draft a written mediation agreement to be signed by the agricultural producer and the creditor.

(2) An agricultural producer and any creditor who are parties to a mediation agreement:

(a) Are bound by the terms of the agreement;

(b) May enforce the mediation agreement as a legal contract; and

(c) May use the mediation agreement as a defense against an action contrary to the mediation agreement.

(3) The mediator shall encourage the parties to have the agreement reviewed by independent legal counsel before signing the agreement. [1989 c.967 §7]

Note: See note under 36.250.

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Last modified: August 7, 2008