Conciliation in Arbitration Law
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Questions and Answers

What is the key difference between mediation and conciliation?

  • The time taken for dispute resolution
  • The number of parties involved
  • The legal enforceability of the settlement agreement
  • The role of the neutral third party (correct)

When does a settlement agreement become final and binding on the parties?

  • When a mediator facilitates discussion between parties
  • When litigation is avoided
  • When the conciliator suggests potential solutions
  • When the parties have signed the settlement agreement (correct)

What is the primary purpose of conciliation?

  • To force parties to reach an agreement
  • To appoint a neutral third party
  • To settle disputes without litigation (correct)
  • To provide a platform for legal enforcement

What happens if the parties reach agreement on the settlement of a dispute?

<p>A written settlement agreement will be drawn up and signed by the parties (A)</p> Signup and view all the answers

What is the role of a conciliator in resolving disputes?

<p>May suggest potential solutions to the parties (A)</p> Signup and view all the answers

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