What is the amicable settlement?
Definition of amicable settlement - Settlement: resolution between disputing parties either before or after court action. begins. - “Amicable”: cooperative and not a competitive system. - Mediation and conciliation: main settlement systems with the intervention of a third. neutral party.
What is amicable dispute?
The Parties undertake to resolve any disputes or conflicts arising from or in connection with the Agreement by negotiation and mutual agreement.
What is amicable settlement in India?
settlement of the dispute, without delay, investigate the dispute and all matters affecting the merits and the right settlement thereof ... inducing the parties to come to a fair and amicable settlement of the dispute. ( 3) If a settlement. Central Government Act. Cites 0 - Cited by 882.
What is amicable statement?
an amicable agreement is achieved without arguments or anger: an amicable agreement/settlement/solution Eventually we reached an amicable settlement.
What is the importance of amicable settlement?
Promoting amicable settlement at the local level is an alternative mechanism adopted to expedite the resolution of cases filed by disputing parties at the local level. This is also used an option to reduce the thousands of cases filed in the Philippine regular courts which are unattended and seemed to be dormant.
What is the effect of amicable settlement?
The amicable settlement and arbitration award shall have the force and effect of a final judgment of a court, upon the expiration of ten (10) days from the date thereof unless repudiation of the settlement has been made or a petition for nullification of the award has been filed before the proper city or municipal ...
What happens if I don't go to Lok Adalat?
Lok adalat is completely a voluntary process. If you do not wish to attend it, there is no complusion. You can proceed with the existing case from the stage where you had left off. You can also get the matter referred to mediation with the consent of the other side.
What do you mean by settlement agreement?
Definition. 1. Settlement agreements are not specifically defined in the context of international arbitration. However, they may be described as legally binding agreements between two or more parties which seek to resolve disputes in a mutually acceptable manner.
Can Lok Adalat take criminal cases?
Yes, Lok Adalat deals with criminal cases (compoundable offences). But, the Lok Adalat shall have no jurisdiction in respect of any case or matter relating to an offence not compoundable under any law.
What is the meaning of amicable resolution?
relating to an agreement or decision that is achieved without people arguing or being unpleasant: Few people have amicable divorces. Eventually we reached an amicable settlement. Friendly.
How do you use amicable?
I hope that they will be able to reach amicable agreement. The whole thing was done on a perfectly amicable and understanding basis. I am hoping to come to an amicable arrangement with everybody, being an amicable person myself.
What is the concept of amicable settlement in the context of dispute resolution?
Amicable settlement is a process where parties to a dispute or a lawsuit find ways to resolve their differences in a friendly and non-contentious way. To achieve an amicable settlement, the parties need to be willing to make concessions for the sake of reaching an agreement.
What is the meaning of amicable resolution?
relating to an agreement or decision that is achieved without people arguing or being unpleasant: Few people have amicable divorces. Eventually we reached an amicable settlement. Friendly.
What is amicable relationship?
adjective. When people have an amicable relationship, they are pleasant to each other and solve their problems without quarrelling.
What is amicable settlement in arbitration?
The Parties shall use their best efforts to settle amicably all disputes arising out of or in connection with this Agreement or the interpretation thereof.
What is amicable justice system?
A model dispute resolution clause that can often be found in domestic commercial contracts reads “(1) The parties have agreed that all disagreements regarding this agreement be settled amicably by their representatives.; (2) If it is not possible to resolve disputes amicably, the parties will address the competent ...