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📚 ADR 04 | Conciliation: Meaning, Process & Role of Conciliator.
This podcast episode simplifies the Conciliation: Meaning, Commencement of Proceedings, Role of Conciliator, Settlement Agreement, Termination of Proceedings, and Confidentiality, making it easier for law students and enthusiasts to understand. Whether preparing for law exams, exploring legal studies, or enhancing your knowledge of Constitutional Law, this episode offers clear and valuable insights to guide your learning journey.
✍️ Essential Law Terms:
1. ADR (Alternative Dispute Resolution): Methods of resolving disputes outside of traditional court proceedings, such as arbitration, conciliation, mediation, and negotiation.
2. Arbitration: A process where a neutral third party (the arbitrator) hears evidence and arguments from the disputing parties and issues a binding decision (award).
3. Arbitration Clause: A provision in a contract that stipulates that any disputes arising from the contract will be resolved through arbitration.
4. Award: The final, binding decision made by an arbitrator in an arbitration proceeding.
5. Competence-Competence: The principle that an arbitral tribunal has the power to decide on its own jurisdiction.
6. Conciliation: A process where a neutral third party (the conciliator) helps the disputing parties reach a mutually acceptable agreement. Conciliators can propose solutions, unlike mediators.
7. Domestic Arbitration: Arbitration of disputes that occur within the jurisdiction of a specific country, in this case, India.
8. Empanelment: The process of selecting and approving individuals to serve as mediators or arbitrators on a designated list or panel.
9. Enforcement: The legal process of ensuring compliance with an arbitral award, typically through court orders.
10. Interim Measure: Temporary relief granted by an arbitral tribunal before a final award, such as preserving assets or preventing certain actions.
11. Jurisdiction: The authority of a court or tribunal to hear and decide a case.
12. Lok Adalat: A mechanism for settling disputes through conciliation and compromise, organized by the Legal Services Authorities under the Legal Services Authorities Act, 1987.
13. Mediation: A process where a neutral third party (the mediator) facilitates communication and negotiation between the disputing parties to help them reach a voluntary agreement.
14. Moral Turpitude: Conduct that is considered contrary to community standards of honesty, justice, or good morals.
15. Public Policy: Broad principles and interests that are considered fundamental to the legal system and society of a country.
16. Separability: The principle that an arbitration clause in a contract is treated as a separate and independent agreement from the main contract.
💡 About LexTalks
LexTalks: Legal Topics Simplified is an AI-generated educational podcast designed to make foundational legal concepts accessible to beginners. Our goal is to provide clear, concise, and engaging overviews of key banking and financial law topics to support students in their legal studies.
⚖️ Disclaimer
This podcast is for educational and informational purposes only. As the content is AI-generated, occasional inaccuracies, omissions, or audio inconsistencies may occur, and it may not always reflect the latest legal developments. Always refer to prescribed textbooks, academic resources, or legal professionals for an accurate and in-depth understanding. LexTalks and its creators are not responsible for any errors, omissions, or misinterpretations. Verify all legal information with authoritative sources.
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