The Act promotes and facilitates mediation, with a special focus on institutional mediation, to resolve disputes efficiently. It provides comprehensive guidelines for the mediation process, encourages community mediation, and aims to establish mediation as an accessible, and cost-effective method of dispute resolution.
The Bharatiya Nagarik Suraksha Sanhita, 2023 has replaced “CrPC,1973”, Bharatiya Nyaya Sanhita, 2023 has replaced “IPC,1860” and Bharatiya Sakshya Adhiniyam, 2023 has replaced “The Indian Evidence Act, 1872” w.e.f. 01st July 2024.
Arbitration is a method of alternative dispute resolution (ADR) where parties to a dispute agree to submit their disagreements to one or more arbitrators, who make a binding decision known as an arbitral award.
Mediation is another form of ADR where a neutral third party, the mediator, assists parties in reaching a mutually acceptable settlement of their dispute. The mediator facilitates communication and negotiation but does not impose a decision.
Patents are protected for 20 years from the date of filing, copyrights generally last for the lifetime of the author plus 60 years, trademarks are valid for 10 years and can be renewed indefinitely as long as they are in use, and designs are protected for 10 years with the possibility of renewal.
Remedies include damages (monetary compensation for losses suffered), specific performance (a court order to perform the contract), injunctions (restraining orders), rescission (cancellation of the contract), and restitution (return of benefits received).
