A Conciliation process of getting parties to come to an agreement about a common dispute through confidential discussions and dialogues.
In India, Conciliation is governed by Arbitration & conciliation Act 1996 and by Section 89 of Code of Civil Procedure, 1908. Any dispute arising out of a legal relationship, whether contractual or not, can be conciliated.
- Voluntary: It implies that all the parties have to agree in order to conciliate the dispute.
- Non-Adversarial: The resolution of the conciliation is a Win-Win situation for all the parties.
- Assisted Procedure: The procedure is crafted in such a way that it is most suited as per parties’ convenience.
- Finality of Settlement: The resolution of conciliation is final and binding and can be further adjudicated in court at per discretion of the parties involved.
Contact the Best Conciliation Lawyers, ADR Law firm in Delhi today, LEGALLANDS LLP will help you with all the matters relating to FEMA, FDI, ADR, Corporate & Commercial, Family Law, IPR, International Trade & Tax, Other Advisory Services and Business Setup advisory in India and Abroad. Contact today at +91 11 46045777 or [email protected]