Following is an overview of these opportunities for current and recently-admitted students: This annual award comprises a 6,000 study grant, a 3,000 research stipend and a paid, 6-month graduate field internship offer starting in July following the completion of LLM studies. Fully taught in English, this one-year LLM programme is designed for candidates with a graduate degree in law who seek to immerse themselves in a challenging university environment and gain further expertise in arbitration and international dispute settlement. This type of conciliator is not that focused on the parties goals. WebA contract of sale, sales contract, sales order, or contract for sale is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).. An obvious ancient practice of exchange, in many common law jurisdictions, it is now governed by statutory law. The high-level education received during the programme, enables students to be extremely competitive to get positions in international law firms, arbitration institutions and international organisations. Read Insurance Arbitration . (You can scroll down to learn these differences.) Mediation: Meaning: Arbitration is like a court procedure because the parties submit evidence similar to a trial where the third party hear the entire situation and give his decision which is binding upon the parties. Negotiation: This takes place between at least two parties. What kind of clause can be added to a listing agreement? Must visit Sample Arbitration Clauses . A conciliator excels at ensuring each party understands where the other's coming from. To be considered for admission to the LLM, applicants must hold a law degree (Master 2, JD, LL.B., or their equivalent) and a minimum of 18 months professional experience in legal fields at the time of starting their studies. Significant internships may be considered as relevant professional experience by our admissions evaluators. ok Is Consent still the Foundation of International Arbitration? Arbitration is private process whereby parties work with a neutral third party to hear both sides and make a final and binding decision, using agreed-upon rules governing how the process will work. He said that this was a process of education in which the State Advocates office was engaged. Mediation is also a method of dispute resolution in which an independent third party assists the parties to conflict in resolving their disputes. All on FoxSports.com. Is the CETA Joint Committee about to Issue Its first Joint Interpretation of the Investment Chapter? WebThe Indian Contract Act, 1872 prescribes the law relating to contracts in India and is the key act regulating Indian contract law.The Act is based on the principles of English Common Law.It is applicable to all the states of India. Parties bring in a conciliator to stop conflicts from escalating. Enea Karakaci provided insight into how claims are administered by the Albanian State Advocates Office, and how a response to them is coordinated between the various interested departments. Basically, a listing agreement grants your real estate agent permission to find a buyer for your home. Arbitration and Climate Disputes. The seller is only required to pay the broker if they find a ready and willing buyer. Facilitative Mediation . <> The combination of these procedural and substantial insights will provide a foundation for students to act before the extraordinary variety of tribunals and courts that exist in the world today. The seller is only required to pay the broker if they find a ready and willing buyer. The mediator does not impose a decision, but helps the parties come to an amicable resolution. Each conciliator uses a wide-variety of traditional negotiation techniques. That is one key difference between conciliation and mediation or arbitration. Arbitration is a formal type of alternative dispute resolution (ADR). 1. The Conference is the first arbitration conference for the Balkan region as a whole. At that point, you can either find a new real estate agent or extend the listing agreement with your current REALTOR. The location of this years Conference inspired many of the focussed presentations, which as noted above drew on the unique contributions to be made to the field of arbitration by perspectives of those working on these issues in the Balkans. The Proposed Multilateral Instrument on ISDS Reform(MIIR): An Update after the Conclusion of the 43rd Session of UNCITRAL Working Group III, International Law Weekend 2022: Interactions between Investment Law and the Vienna Convention on the Law of Treaties (VCLT), International Law Weekend 2022: Accountability for Global Regulatory Bodies. If so, you're in the right spot. AI vs IA: Artificial Intelligence and Genuine International Arbitration, Find out more about the admissions procedure, Student Services pages of the Sciences Po website, Sciences Po-Squire Patton Boggs Climate Change Arbitration Monitor, the admissions pages of the Sciences Po website, Academic rules and regulations (PDF, 136 KB), One of the most attractive and important international arbitration venues worldwide thanks to the presence of the International Chamber of Commerces Court of International Arbitration, Interact and gain access to the most important law firms specialized in International Arbitration and many of the leading specialists in the field, Founded 150 years ago, Sciences Po stands out as a world-class university with internationally-recognised degrees and research, a multicultural community and a worldwide network of partners, Sciences Po Law School (SPLS) has developed a strong reputation in matters related to international economic law, with a particular focus on all mechanisms of international dispute settlement, Many international arbitration related activities are organised every year with the participation of the most outstanding specialists from all over the world, SPLS's teams excel in international moot competitions around the world and SPLS has been organising, Internship, ranging from 14 weeks to 6 months from July to December following studies (30 ECTS) or, Graduate Thesis, completed before the end of studies in June (30 ECTS) and. The panel moderated by Paul Key KC (Essex Court Chambers) discussed Investment Treaty Arbitration: the View from the Balkans. OR. The conciliator addresses all power disparities between the parties in a relaxed manner. Conciliation is a common dispute resolution process. Must visit Mandatory Arbitration . For agreements in the United States, the governing law can be of a specific state or a specific country if the agreement is international. App Store is a service mark of Apple Inc. WebThe LLM offers extensive training in theoretical and practical aspects of arbitration and dispute settlement. A conciliator focuses on facilitating communication between disputing parties. It has been used successfully for hundreds, if not thousands, of years. Proud to provide top-rated divorce mediation. Find any paper you need: persuasive, argumentative, narrative, and more . It states that this individual is the only person who can act as a. On 29-30 September 2022, the second annual Balkan Arbitration Conference (BAC 22) was held in Tirana, Albania. Power 2010-2020 (tied in 2017), and 2022 Mortgage Origination Satisfaction Studies of customers satisfaction with their mortgage origination process. The LLM offers a unique immersive opportunity to interact in the transnational arbitration network as a young practitioner. For. Home Buying - 8-Minute Read, Jamie Johnson - November 24, 2022. Approach-avoidance conflict is a type of conflict within the decision-making that people experience in relation to a single goal. They both focus on facilitating communication between the disputing parties. All you need to do is tell our dedicated staff what your needs are. For queries regarding admissions eligibility requirements and procedures, you are invited to consult the admissions pages of the Sciences Po website. WebIn contract law, the implied covenant of good faith and fair dealing is a general presumption that the parties to a contract will deal with each other honestly, fairly, and in good faith, so as to not destroy the right of the other party or parties to receive the benefits of the contract.It is implied in a number of contract types in order to reinforce the express Or, the focus can shift to restoring the balance of power between the parties. Rather than making recommendations or imposing a decision, the mediator encourages disputants to reach their own voluntary solution by exploring each Once the property sells, the seller will pay a commission to that real estate agent. ", Diego P. Fernndez Arroyo Professor at Sciences Po. She stated that the private interests vs. public interests debate inherent in the fair and equitable (FET) standard of protection reflects a quest for integration and balance. The parties do not develop and propose settlement terms. Webalternative: [noun] a proposition or situation offering a choice between two or more things only one of which may be chosen. Negotiation Mediation; Meaning: Negotiation is a method of dispute resolution in which parties settle their conflict and reach an agreement through discussion. Check out Arbitration Provision 101 . Instead, the conciliator conducts these key actions. The organising committee consisted of James Hayton (LK Law, London) (Chair), Klentiana Mahmutaj (Red Lion Chambers, London), Korab Sejdiu (Sejdiu & Qerkini, Prishtina) and Dr. Jola Gjuzi (Kalo & Associates, Tirana). It allows parties to resolve almost any dispute using a third-party conciliator. On 29-30 September 2022, the second annual Balkan Arbitration Conference (BAC 22) was held in Tirana, Albania. Mediation Filings Are Still Up, But Continue to Slow Down, CFPB Sues MoneyLion for Arbitration Clause Use, PIABA to SEC: Draft Strategic Plan Should Address RIA Use of Mandatory Arbitration Clauses, First Monday in October: Some Arbitration-Centric Cases Worth Following. 2000-2022 Rocket Mortgage, LLC. Meet our academic teams and ask all your questions about our Master programmes and career opportunities. The core objective of the program will be the study of transnational arbitration in all its forms. But you can still fall back on the help of a real estate agent if youre unsuccessful in selling the property on your own. The parties will then list their outcome-goals from most to least important. It also outlines the type of commission your real estate agent will receive once the sale is completed. He also discussed the merits of using a range of approaches, rather than just one single approach, and the utility of a Monte Carlo simulation for future cash flows. Negotiation is similar to arbitration but is less formal. And in this type of agreement, the seller retains the right to sell the property themselves. Securing a final agreement. Conciliators use many negotiation techniques In addition, the TADS LLM will offer an insight into litigation before domestic courts, recourse to mediation and online dispute settlement. Therefore, it is important to understand the difference between the two. WebIntroduction to Alternative Dispute Resolution - Free download as PDF File (.pdf), Text File (.txt) or read online for free. These clauses are usually included in standard Terms and Conditions agreements for websites or mobile applications. Parties come to a conciliator when they need direct guidance. Mediation can also carry this key benefit. This type of clause states that if you and your real estate agent run into a dispute during the home selling process, youll meet with an impartial third party to work it out. This way, disputes can get resolved without the need to go to litigation. Once youve found a real estate agent or broker to use in the selling of your home, you should sign a listing agreement. Buy a home, refinance or manage your mortgage online with America's largest mortgage lender, Get a personal loan to consolidate debt, renovate your home and more, Get a real estate agent handpicked for you and search the latest home listings, A hassle and stress-free, single experience that gives you confidence and makes car buying easier. Relevant information regarding budgeting is available on the Student Services pages of the Sciences Po website. Arbitration vs Mediation vs Litigation . Includes 7,300+ profiles of arbitrators, expert witnesses, counsels & 13,500+ relationships to uncover potential conflicts of interest. You can negotiate on the expiration date with your REALTOR, but most listing agreements expire within 6 months. European or American framework). By submitting your contact information you agree to ourTerms of Useand ourPrivacy Policy, which includes using arbitration to resolve claims related to the Telephone Consumer Protection Act.! Janes | The latest defence and security news from Janes - the trusted source for defence intelligence Its purpose is to provide a forum to help build cooperation and develop the use and practice of arbitration in the Balkan region. The LLM offers extensive training in theoretical and practical aspects of arbitration and dispute settlement. While referring to lists, a conciliator can help the parties build a string of successes. Hanna Kielar - October 11, 2022. While amounts vary, awards are 6,000 on average and attributed in July prior to the commencement of studies. What is Arbitration Agreement or Contract. If youre looking to sell, be sure to check out, By submitting your contact information you agree to our. Read about Final Offer Arbitration . Attorney vs. Lawyer: Roles and Responsibilities The key role for an attorney is practicing law in court. Nikola Stamboli emphasised above all the importance of experts maintaining their independence and impartiality in order to avoid appearing to become a hired gun, if they are to be taken seriously by the tribunal and positively contribute to the outcome. What Should You Know About Signing A Listing Agreement? An open listing agreement provides the lowest level of commitment for the seller. Owing to the increased cost of litigation and the possibility that the court will apply the foreign law inappropriately, parties will generally want consistency between their governing law clause and jurisdiction clause. Arbitration is private process whereby parties work with a neutral third party to hear both sides and make a final and binding decision, using agreed-upon rules governing how the process will work. A transnational solution to a transnational emergency? World Arbitration Update: Legal Developments in Sub-Saharan Africa Africas Blooming, Keeping a Distance: Indias Approach towards Investment Treaties. 3. Having reviewed investor-state arbitral awards on the interpretation of old generation and new generation IIAs, she identified cases where integration and balancing of competing objectives are successful to the extent that they are reached through the application of principles of law such as good faith, due process, non-discrimination and proportionality. He or she gets tasked with finding the best solution for all parties. For instance, Franz Schwarz (WilmerHale) gave the keynote speech at BAC 22, on the Promise of Arbitration, providing some thought-provoking insights into the problems with local courts in the Balkans, such as delay and actual or perceived corruption, and how arbitration can, albeit not always perfectly, help to solve some of these problems. In India, modes of ADR include arbitration, negotiation, mediation, and Lok Adalats. Here are some examples of governing law clauses found in the website and mobile app legal agreements. Instead, the conciliator does so after meeting and talking to the parties. Check out Difference Between Mediation and Arbitration . For example, a jurisdiction might be something like "state courts of New York," with "state laws of New York" as the governing rule. 4. But there is one key concept that they both have in common. 2022 Balkan Arbitration Conference Recap: Balkan-Related Panels, the second annual Balkan Arbitration Conference, Seoul ADR Festival Recap: Procedural Innovations in International Arbitration, Concluding an Arbitration Agreement via Means of Remote Communication under Polish Law: A Short Guide for Practitioners, International Investment Protection of Global Banking and Finance: Legal Principles and Arbitral Practice, Arbitration in Egypt: A Practitioner\'s Guide, The George Washington University Law School, Daniela Pez-Salgado (Senior Assistant Editor), Lagos Chamber of Commerce International Arbitration Centre (LACIAC), Michael Farchakh (Assistant Editor for the MENA Region), Boris Pratalo (Assistant Editor for Europe), Aecio Filipe Oliveira (Assistant Editor for South and Central America), Barbosa, Mssnich & Arago Advogados BMA, Wilmer Cutler Pickering Hale and Dorr LLP, AIAC Young Practitioners Group (AIAC YPG), Asian International Arbitration Centre (AIAC), Chartered Institute of Arbitrators (CIArb), International Centre for Dispute Resolution (ICDR), Institute for Transnational Arbitration (ITA), Academic Council, Shanghai International Arbitration Center (SHIAC). Understandably, open listing agreements are not popular among real estate agents. NMLS #3030. To put it another way, regulating law may be enforced regardless of jurisdiction, or, to be more specific, a law clause does not have to fit a jurisdiction clause. A governing law clause aims to express the parties' preference for the applicable law. Unlike arbitration, conciliation does not have a reputation for seeming adversarial. He demonstrated through examples the enormous difference which can be made to the size of awards by the choice of the date of valuation and by the methodology in calculating interest (e.g. This way, an agreement can take place without having to go through the US court system. The conciliator makes proposals that can lead to securing a settlement. She currently writes for clients like the U.S. Chamber of Commerce, Business Insider, and Bankrate. A thread running through a number of the panels at the Conference was the unique perspectives and insights brought by practitioners from the Balkans to key issues in international arbitration. . Conciliation and mediation each concentrate on having the parties maintain business relationships. However, here are few points to consider before deciding on governing law. But people also use it to resolve a wide-variety of disagreements. What Are The Types Of Listing Agreements? Reviewing and examining the listing agreement is the best way to ensure you understand your responsibilities and agree to complete them. A listing agreement is a legally binding contract, so its crucial to understand the signing process before you begin. A "Governing Law" clause is a clause used in legal agreements that specifies which rules and laws will apply in the event of a legal dispute. All rights reserved. WebNegotiation is also the key to business success. This post first appeared on theSecurities Arbitration Alertblog. There are various alternatives of dispute settlement, like conciliation, mediation, arbitration, adjudication, collective bargaining and so on. This applies to claims that total below $75,000. There are key differences between conciliation, mediation, and arbitration. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The complainant would have been forced to accept the jurisdiction as present in the "Terms of Service" of the defendant. ADR methods are informal, cheaper and faster, in comparison to the traditional litigation process. Instagram pictures of children of the alleged ultimate owner on the yacht, would probably not suffice. Do you think this sounds like mediation? Content: Mediation Vs Mediation is a negotiation facilitated by a neutral third party. Content: Arbitration Vs Mediation. Even though you have the option of choosing your governing law, some businesses may choose not to do so. Each year, a limited number of LLM scholarships and grants are made available to admitted LLM Students. There are two common kinds of conciliation when it comes to dispute resolution. 2022 Squire Patton Boggs Grant Recipient: Akash Santosh Karmarkar. The panel moderated by Andrew Wordsworth (Raedas) discussed Balkan Enforcement: Lost Cause or Surprisingly Friendly?, with Dalibor Valini (WolfTheiss), Milica Savi (Karanovic & Partners), David Premel (Rojs, Peljhan, Prelesnik & Partners) and Zoe OSullivan KC (Serle Court Chambers) as speakers. 3 0 obj It is a non-exclusive agreement that allows any agent to list or sell their property. Parties should include a clause for arbitration if they wish their partnership to be regulated by a law other than the law of their country. stream Get the latest international news and world events from Asia, Europe, the Middle East, and more. It is a process in which an independent third party analyses the bargaining situation, listens to both parties and collects necessary data and make recommendations which are binding on the parties concerned. The panel agreed that while they had heard of judges in the region leaving the judiciary and becoming lawyers, with mixed success, they had never heard of lawyers from private practice becoming judges, in stark contrast to what Zoe OSullivan KC explained was the case in the English system. 3. Its purpose is to provide a forum to help build cooperation and develop the use and practice of arbitration in the Balkan region. US Prime Rate). No business can survive without profitable contracts. Congratulations! For example, instead of "US law," say "New York law.". Must visit Arbitration Agreement Meaning . There was unanimous agreement that enforcement would be possible in theory but that the difficulties would lie in the evidence and the evidential thresholds adopted by the courts. WebBefore joining UNIDROIT, William was a government lawyer in the Private International Law and International Arbitration section of the Australian Attorney-Generals Department, where he worked primarily on treaty negotiation and the implementation of private international law treaties in Australia. The LLM will also cover other mechanisms of international dispute settlement, including judicial and non-judicial means of dispute resolution such as litigation before the International Court of Justice, at the World Trade Organization (Panel and Appellate Body), Human Rights Litigation (e.g. Once it expires, the contract is terminated, and your home will be taken off the market. The core objective of the program will be the study of transnational arbitration in all its forms. Pre Dispute Arbitration Clause . 3214 Main St, Wilmington, Delaware USA - 19801. Our experts are standing by to answer your questions and help you find solutions. Attend ALL pretrial hearings and hearings to represent clients in a court of law Think again. LLM students complement their knowledge and practice with a series of annual conferences, internships, and optional participation in international moots. This way, new and alternative solutions can emerge. While distributive negotiation assumes there is a fixed amount of The conciliator then has enough material to help the parties go back and forth with their goals. All other relevant questions can be directed to the LLM team below: Kyle Schneider,Assistant DeanContact Kyle Schneider, Bruno Sousa Rodrigues, Teaching Assistant for the LLMContact Bruno Sousa Rodrigues, Carine Ipoli,Academic AssistantContact Carine Ipoli, LLM in Transnational Arbitration & Dispute Settlement, Pre-doctoral Initiation to Research Program (PIR), Doctoral and Post-doctoral Visiting Fellows, Information session - One Year Master's programme. A listing agreement is valid from the date you sign it until the expiration date. All participants in mediation are encouraged to actively participate in the process. One way to mold conflict into a positive experience is to use mediation. If either one of them had the clause in their "Terms of Service", the dispute could have been avoided. Conciliators use evaluative methods and provide recommendations. If you are interested in these subjects and want to explore a degree or career in this field, read on for everything you need to know about mediation vs. arbitration. The panel agreed that the war in Ukraine had not led to many enforcement cases in the region, despite, for example, superyachts owned by Russians having historically been a relatively common sight in the Adriatic. Web1.Mediation it is the process of resolving issues between party where third party assist them in resolving dispute,while in conciliation method in which an expert is appointed to settle dispute between the parties. 2 0 obj Conciliation is a preventive method to resolve conflict. See world news photos and videos at ABCNews.com With this increased usage, the methods for conducting ADR have expanded making it an even more practical and cost-effective solution for many types of disputes. Mr Karakaci also explained that Government departments had not always cooperated fully with the State Advocates office, though this was now changing. He or she never takes complete responsibility for finding lasting solutions. To determine which jurisdiction law is best suited for a fair trial, the court will have to consider factors such as the parties' residence and the location of the contract. This may be a compelling reason to choose English law, which, unlike other civil law systems, lacks an established body of law requiring a duty of good faith in pre-contractual negotiations. Dr Gjuzi explained that the concept is increasingly present in the new generation of international investment agreements (IIAs) and highlighted how the international and domestic jurisprudence on sustainable development illustrate the obligation to continuously integrate and balance three interdependent and potentially competing objectives of economic development, environmental protection and social welfare, and legally speaking, of norms addressing economic protection, environmental protection and social welfare (human rights). It is subject to strict rules imposed by law governing the conduct of the proceeding, such as the formal rules of evidence. The LLM tuition fees are 25,000 (for the 2022-2023 academic year). The speakers were: Prof. Hugo Barbier (Barbier Mehtiyeva), Dr. Jola Gjuzi (Kalo & Associates), Timothy J. Feighery (ArentFox Schiff) and Enea Karakaci (Ministry of Infrastructure & Energy of Albania). Learn more about the home selling process and its timing here. After the claim is distributed to interested departments and they are given time to consider it, the State Department calls in representatives of the various interested departments to coordinate the Governments position. A Balkan Perspective on the Assessment of Damages. However, in recent years, it has been growing in use with more companies choosing to use arbitration in commercial and consumer disputes. The Arbitration Agreement Association maintains relationships with conciliators across the US. Caucus. Learn the price tag of speeding up the process in order to get the full value of your home when you sell. 2. Do you know about Binding Arbitration Clause . 1Based on Rocket Mortgage data in comparison to public data records. The curriculum is complemented by the following options: "In this LLM programme students have significant opportunities to learn the theory and practice of transnational arbitration, along with other means of dispute settlement, by concentrating on both substantial and procedural issues. Arbitrators Applying the Law: Can a Tribunal Decide on a Law that was not Pleaded by the Parties? Find out more about the admissions procedure on the admissions pages of the Sciences Po website. 2. 2. respondents cost of borrowing vs. The conciliator serves as a neutral third-party who plays the role of an authority figure. Without your signoff, the home selling process cant proceed. His foundation of the LLM responds to the direct needs of practitioners engaged in transnational arbitration and dispute settlement across the globe. List of personal property included in the sale, List of personal property to be removed upon sale. While you do have the option of declaring which state's or country's laws you want to use, you can't pick and choose. The expiration date is determined by various factors, including the real estate market and the homeowner's needs. He or she provides advice to both parties when it comes to finding solutions. For instance, buyers dont sign listing agreements because the contract is only for those listing the property. In arbitration, both sides make an argument as to the <>>> Lets get started. Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, RockLoans Marketplace LLC (doing business as Rocket Loans), Rocket Auto LLC and Rocket Money, Inc.are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Such findings correlated with an average reduction in compensation from 53% of the amount claimed to between 30%-40%. Here is an article to give you a better and detailed understanding of how the following two clauses are drafted. Mediation is a negotiation facilitated by a neutral third party. Arbitration Resolution Services, Inc. (ARS) was created to revolutionize the way disputes are resolved throughout the country. Conciliation focuses on two key processes. Through mediation, a third party assists in resolving a dispute. It determines the circumstances in which promises made by the parties to a contract shall be legally binding. Blogs, RSS, Youtube channels, Podcast, Magazines, etc. In tripartite arbitration, there are three arbitrators, one named by each party and one chosen by both of them. Each conciliator uses a wide-variety of traditional negotiation techniques. Your email address will not be published. Tripartite arbitration is useful in highly complex cases where the parties want advice from three individuals with differing expertise (such as a lawyer, a businessperson, and a scientist). Any clauses that are included must be agreed upon before signing the contract. Webdifference between negotiation, mediation, arbitration Negotiation is where two parties in contention or dispute (battle) arrive at a settlement between themselves that the two of them can concur on. This way, the parties can communicate in an atmosphere of developed trust. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 13 0 R 14 0 R 15 0 R 16 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> This way, the mediator can assist the parties in finding a solution. endobj The Conference more broadly also developed these themes. e.g. Upon successful completion of the TADS LLM programme in Transnational Arbitration and Dispute Settlement, students will receive a "Diplme dtablissement" delivered by Sciences Po. It states that this individual is the only person who can act as a real estate agent to manage the listing and sale of the property. WebABC News is your trusted source on political news stories and videos. Definition of Arbitration. Whether youre selling or buying, you should learn how the outcome of the home appraisal affects the sale. Also visit Arbitration vs Litigation . It also outlines the type of commission your real If my house doesnt sell, what happens to the agreement? The LLM is a full-time programme, running from late August to the end of August of the following year. A Governing Law clause is useful because it lets the users understand your terms. Conciliation is a common form of the entire dispute resolution process. That brings up a key difference between conciliation and mediation. This contract is what officially kicks off the home selling process. 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