710 ILCS 30/25-15

(710 ILCS 30/25-15)

Sec. 25-15.

Settlement.

(a) With the agreement of the parties, the arbitral tribunal
may use mediation, conciliation, or other dispute resolution
procedures at any time during the arbitral proceedings to encourage
settlement.

(b) If, during arbitral proceedings, the parties settle the
dispute, the arbitral tribunal shall terminate the proceedings and,
if requested by the parties and not objected to by the arbitral
tribunal, record the settlement in the form of an arbitral award on
agreed terms.

(c) An award on agreed terms shall be made in accordance with
the provisions of Section 25-20 of this Act and
shall state that it is an award.  The award has the same status
and effect as any other award on the merits of the case.

(Source: P.A. 90-631, eff. 7-24-98.)