Law Notes by Akhil

     Differences between Arbitration and Mediation Points Arbitration Mediation Meaning Arbitration can be regarded as a quasi-judicial process. It is a mode or system of solving disputes among the parties through a unbiased third party called the arbitrator whose decision is binding on the parties. Mediation is a voluntary and party-centric procedure where the parties to the dispute settle their issues with the help of a neutral third party called the mediator. It is collaborative and non-binding. Procedure It is a formal procedure like judicial proceedings. It is an informal process. Third party Third party is termed as the arbitrator. The third party is termed as a mediator. Number of third party One arbitrator is known as the sole arbitrator, and there can be more than one arbitrator. One...

Below are the Differences between Arbitration and Conciliation Arbitration Conciliation Arbitration is a method of resolving disputes in which a neutral third party is chosen to examine the facts and merits of a disagreement and render a binding judgment on the parties. Conciliation is a method in which disputing parties, with the help of a dispute resolution practitioner, Examine the topics in dispute, create ideas and possibilities for a favorable settlement term, consider alternatives, and try to reach a mutual agreement. Arbitration can be used if all parties to the dispute must have agreed to it beforehand. The conciliator’s key role is to support mediation and advocate for a mutual settlement of disputes, as well as to produce choices and examine alternatives. The arbitration may be ordered by a court or stipulated in a contract. Conciliation has the added advantage ...