Document background
The Mediation Final Agreement is a crucial document used to conclude successful mediation proceedings in Hong Kong. It is employed when parties have reached a settlement through mediation and need to formally document their agreement in a legally binding format. This document type is governed by Hong Kong's Mediation Ordinance (Cap. 620) and related legislation, ensuring its enforceability and compliance with local legal requirements. The agreement captures all essential elements of the settlement, including specific obligations, payment terms, implementation timelines, and confidentiality provisions. It serves as the definitive record of the resolution reached and provides a clear framework for parties to follow in implementing the settlement terms. The Mediation Final Agreement is particularly important as it transforms the mediated settlement into an enforceable contract, offering parties legal certainty and protection.
