The following terms and phrases – wherever mentioned in this Law – shall have the meanings assigned thereto unless the context requires otherwise:
Law: Mediation Law.
Regulations: Implementing Regulations of the Law.
Mediation: Any process in which a mediator(s) assists the parties in reaching an amicable settlement of disputes arising out of or relating to a legal relationship, in whole or in part, without the mediator having the power to impose a settlement of the dispute, and this process is called conciliation and settlement.
Mediator: A sole mediator or two or more mediators as the case maybe other than the parties and their representatives, who is entrusted with assisting the parties in reaching an amicable settlement of the dispute, and is called a conciliator.
Parties: The parties to the dispute under mediation, whether they are natural or legal persons, and the mediator is not a party.
Mediation agreement: An agreement between the parties to resort to mediation in order to settle a dispute that has arisen or may arise between them.
Settlement Agreement: The document that includes what the parties have agreed upon to settle the dispute under mediation or part of it. This document is called a reconciliation record.