Home » Nigeria » Section 82 Nigerian Arbitration and Mediation Act 2023

Section 82 Nigerian Arbitration and Mediation Act 2023

Section 82 Arbitration and Mediation Act 2023

Section 82 Arbitration and Mediation Act 2023 is about Binding and enforceable nature of settlement agreements. It is under Part II (Mediation) of the Act.

(1) Where parties conclude an agreement settling a dispute, the mediator shall participate in the preparation and drafting of the settlement agreement, where the parties agree.

(2) Subject to section 87 of this Act, the settlement agreement resulting from the mediation is binding on the parties and enforceable in Court as a contract, consent judgment or consent award.

See also  Section 85 Nigerian Arbitration and Mediation Act 2023

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others