Conciliation in Arbitration Law

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What is the key difference between mediation and conciliation?

The role of the neutral third party

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

When the parties have signed the settlement agreement

What is the primary purpose of conciliation?

To settle disputes without litigation

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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