Jeremiah and Jocelyn have had a very positive and productive business relationship for the past five years; however, a recent dispute has arisen between them. Jocelyn stands to lose $$50,000\mathrm{.}00$ as a result of Jeremiah$$s breach. They have attempted to negotiate the matter themselves but to no solution. Both parties would regret if this dispute ended their business relationship. What is the most cost effective dispute resolution the parties should attempt?

Facilitative Mediation

Holding a Discovery of the evidence to establish Jeremiah$$s liability.

A pre$-$trial Settlement Conference with a Judge

Simplified procedure in the Superior Court of Justice