ADR: Difference between Arbitration, Mediation and Conciliation
Arbitration Mediation Conciliation
Arbitration is like Mediation is a method Conciliation: it is a voluntary
1.Meaning a court procedure of ADR in which proceeding where parties in because the parties parties appoint a dispute agree to resolve their submit evidence neutral third party dispute through neutral third similar to a trial who facilitates the party. where the third mediation process in- 2. Role party hears the order to assist the entire situation parties in achieving an and gives his acceptable, voluntary A conciliator may be an decision which is agreement. interventionist in the sense that binding upon the he/she may suggest solution to 3.Outcome parties. the parties, in order to resolve Mediator merely their claims and disputes. performs a facilitative conciliator i.e. third party tries an arbitrator role and provides a to bring the disputants to listens to the platform for the parties agreement evidence which is to reach a mutually brought by both agreeable parties and makes solution(cannot suggest No binding agreement. The a decision which solutions to parties) acceptance of settlement is is generally needed by both of the parties. binding upon both parties Outcome is Not binding on parties. However any agreement decision rendered expressed by parties by an arbitrator is during mediation , if known as an they choose, this arbitral award and agreement may be is binding incorporated into a legally binding contract. (Optional)