Conciliation is a valuable alternative dispute resolution process guided by the Arbitration and Conciliation Act. It involves a neutral conciliator assisting parties to settle. The process begins with a written invitation, followed by the appointment of a conciliator. Written statements are exchanged, and the conciliator conducts proceedings based on fairness and justice. Confidentiality is maintained throughout. The goal is to reach a settlement agreement, which becomes final and binding when the parties sign. Conciliation allows parties to resolve disputes amicably, avoiding litigation while preserving relationships. It offers a structured and flexible approach, empowering parties to actively participate in finding mutually acceptable resolutions.
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