Are mediations binding?

This depends on the wishes of the parties. The parties and their advisers, with assistance from the mediator, will record the outcome in a draft agreement document which contains both the matters that have been agreed and the issues, if any, which are still to be settled. The parties can redraft the agreement into a legally binding document after all parties have signed the agreement. If the parties wish, prior to finalizing the agreement, they may wish to receive advice from their lawyers or other professional advisers.