The bill provides for things like tolling the statutes of limitation and also staying actions in a pending case if the parties follow certain rules. That is really helpful to parties mired in litigation with deadlines fast approaching… they can put the breaks on the litigation while exploring the collaborative process. Also, of great interest are the exclusionary provisions that prohibit a collaborative lawyer from continuing to represent a party in litigation (except under some very specific and narrow exceptions).
North Carolina may be on the cusp of having a new collaborative law statute. You can read the bill here.