Prior to the commencement of the mediation, the parties and the proposed mediator shall prepare and sign a document (in this Act referred to as an "agreement to mediate") appointing the mediator and containing the following information:

(a) the manner in which the mediation is to be conducted;

(b) the manner in which the fees and costs of the mediation will be paid;

(c) the place and time at which the mediation is to be conducted;

(d) the fact that the mediation is to be conducted in a confidential manner;

(e) the right of each of the parties to seek legal advice;

(f) subject to section 6(6), the manner in which the mediation may be terminated;

(g) such other terms (if any) as may be agreed between the parties and the mediator.