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</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</p> Signup and view all the answers

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