Practicing Success
Practicing Success
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| Which of the following statement (s) is/are correct about mediation? |
Here the parties appoint a neutral third party who facilitates the mediation process in-order to assist the parties in achieving an acceptable, voluntary agreement. The outcome of mediation is binding on both parties. It is a flexible and formal technique of dispute resolution. All of the above. |
| Here the parties appoint a neutral third party who facilitates the mediation process in-order to assist the parties in achieving an acceptable, voluntary agreement. |
| Mediation is a method of ADR in which parties appoint a neutral third party who facilitates the mediation process in-order to assist the parties in achieving an acceptable, voluntary agreement. Mediation is premised on the voluntary will of the parties and is a flexible and informal technique of dispute resolution. The outcome of mediation does not have similar binding like an arbitral award. |
