The Arbitration and Mediation Act

The Arbitration and Mediation Act is a law that provides a legal framework for resolving disputes outside the court system. Arbitration involves privately choosing an arbitrator to make a binding decision, while mediation involves a neutral mediator helping parties reach an agreement voluntarily. The act sets rules on how these processes should be conducted, ensuring fairness, confidentiality, and enforceability of agreements or awards. It aims to offer efficient, cost-effective alternatives to litigation, reducing court workload while respecting parties' autonomy to resolve conflicts amicably or through a formal arbitration process.