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After the settlement agreement is reached between the parties to conciliation ________________.
- a)The conciliator makes an award stating the reasons thereof
- b)The conciliator shall authenticate the settlement agreement and furnish a copy thereof
- c)The conciliator shall refer the matter to the tribunal
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
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After the settlement agreement is reached between the parties to conci...
As per section 73 (4) of the act, after the settlement has been reached between the parties, the conciliator shall authenticate the settlement agreement and furnish a copy thereof to each of the parties. Hence, B is the correct option.
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After the settlement agreement is reached between the parties to conci...
Authentication of Settlement Agreement
After the settlement agreement is reached between the parties to conciliation, the conciliator plays a crucial role in ensuring the validity and enforceability of the agreement. Here's how the conciliator authenticates the settlement agreement:
Review and Confirmation
The conciliator carefully reviews the terms of the settlement agreement to ensure that all parties have agreed to the terms and conditions. This involves confirming that the agreement is fair, voluntary, and mutually acceptable.
Signing and Authentication
Once the conciliator is satisfied with the terms of the settlement agreement, they proceed to authenticate the agreement. This involves signing the agreement to certify its validity and authenticity.
Provision of Copies
After authentication, the conciliator provides copies of the settlement agreement to all parties involved. This ensures that each party has a documented copy of the agreement for their records and future reference.
Enforcement
By authenticating the settlement agreement, the conciliator helps to ensure its enforceability. The authenticated agreement can be presented in court as a legally binding document, providing a basis for enforcement if necessary.
In conclusion, the authentication of the settlement agreement by the conciliator is a critical step in the conciliation process. It helps to formalize the agreement, provide clarity to all parties, and establish a foundation for potential enforcement in the future.
After the settlement agreement is reached between the parties to conciliation, the conciliator plays a crucial role in ensuring the validity and enforceability of the agreement. Here's how the conciliator authenticates the settlement agreement:
Review and Confirmation
The conciliator carefully reviews the terms of the settlement agreement to ensure that all parties have agreed to the terms and conditions. This involves confirming that the agreement is fair, voluntary, and mutually acceptable.
Signing and Authentication
Once the conciliator is satisfied with the terms of the settlement agreement, they proceed to authenticate the agreement. This involves signing the agreement to certify its validity and authenticity.
Provision of Copies
After authentication, the conciliator provides copies of the settlement agreement to all parties involved. This ensures that each party has a documented copy of the agreement for their records and future reference.
Enforcement
By authenticating the settlement agreement, the conciliator helps to ensure its enforceability. The authenticated agreement can be presented in court as a legally binding document, providing a basis for enforcement if necessary.
In conclusion, the authentication of the settlement agreement by the conciliator is a critical step in the conciliation process. It helps to formalize the agreement, provide clarity to all parties, and establish a foundation for potential enforcement in the future.
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After the settlement agreement is reached between the parties to conciliation ________________.a)The conciliator makes an award stating the reasons thereofb)The conciliator shall authenticate the settlement agreement and furnish a copy thereofc)The conciliator shall refer the matter to the tribunald)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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