Know the Difference Between Arbitration and Mediation-Information You Cannot Overlook!
Both Arbitration and Mediation are legal practices that are valid and accepted by the court of law. Before the difference between arbitration and mediation in India, let’s out what these two terms actually stand for!
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Arbitration in India:
It is a court process that takes place outside the court. It is not presided over by an appointed judge. Instead, one or more unbiased person/parties are given the charge of listening to the matter and then coming up with a decision. Usually, one or multiple parties are appointed only when both parties agree on the appointment. The process begins with filing up the application and submitting the facts and related facts, witnesses, and documents. The arbitration lawyers take a close at everything. Listen to the warring parties, and then decide the case. Usually, the decision of the arbitrators is acceptable to both parties as they give their consent to their appointment. So, they cannot challenge that decision until the court permits!
Mediation in India:
In India, Mediation is defined as a process that allows the parties to settle the case outside the court. Here, the court appoints a mediator who shoulders all the responsibilities related to settling the case and the dispute related to it. The mediator does not impose any decision on the parties. Rather, he creates an atmosphere through communication that makes the parties settle down the disputes amicably. You must know that mediation does not come with an acceptable award.
Cases Allowed for Arbitration Procedure:
- Commercial matters
- Civil cases
- Cases related to labour
- Family matters
- Cases related to joint ventures
- Rights to intellectual properties
- Real estate securities
- Insurance claims, Banking, and non-banking transactions
Cases Accepted for Mediation Process:
- Commercial contracts
- Child Custody
- Personal injury
- Employment contracts
- Personal injury
- Divorce
- Construction Projects
- Intellectual Property Rights
- Professional liabilities
- Joint Ventures
- Partnership differences
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