Differences Between Mediation And Conciliation
Mediation
An impartial third party, the mediator, assists the parties in resolving their conflict in a way that is mutually agreeable. Any settlement is documented in a binding contract.
Experience has shown that settlements are frequently reached in intellectual property lawsuits. The parties' relationship can be preserved and occasionally even improved through the efficient and affordable process of mediation.
Conciliation
Conciliation is a voluntary process in which the parties are free to decide to try and settle their disagreement through conciliation. The method is adaptable and enables parties to specify the length, format, and substance of the conciliation processes. Rarely are these procedures made public. They are founded on interests because the conciliator will consider the parties' economic, financial, and/or personal interests in addition to their legal positions when suggesting a solution.
Differences
1. Meaning
Mediation
A third person helps the parties in the mediation process to reach a resolution to their disagreements.
Conciliation
Conciliation is an alternative dispute resolution process where a neutral third party is brought in to help the parties come to a conclusion.
2. Basic Element
Mediation
Confidentiality is reliant on mutual confidence
Conciliation
3. Regulated By
Mediation
Conciliation
4. Result
Mediation
Agreement between parties
Conciliation
Settlement agreement

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