Contracts
The Colorado CBS contract's 'Mediation' clause requires the parties to:
AA. Go to arbitration before any lawsuit
BB. Attempt mediation before initiating a legal proceeding for disputes arising from the contract✓ Correct
CC. Submit all disputes to the Colorado Real Estate Commission
DD. Use binding arbitration for all disputes
Explanation
The Colorado CBS contract contains a mediation clause that requires the parties to attempt to resolve disputes through mediation before filing suit. Mediation is a non-binding process using a neutral mediator. The clause does not require binding arbitration — if mediation fails, the parties may still go to court.
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