Conflicts and disputes regularly arise in the course of human interactions with one another, where differences do occur due to various factors ranging from contractual to human nature. Mediation is an early intervention form of dispute resolution that has proven to be beneficial to parties embroiled in disputes. In the case of commercial dispute settlement, mediation has proven to be a globally accepted method of resolving disputes. Not only that mediation has a long history, but it has also been used extensively in modern times as an effective tool for the resolution of commercial disputes in avoiding escalation of differences into full-fledged legal proceedings such as arbitration and litigation. In recognising the importance of mediation as a cost-effective, efficient and relationship-preservation method of dispute resolution, the UNCITRAL has even promulgated conciliation rules in 1980 followed by the United Nations Convention on International Settlement Agreements resulting from Mediation (“Singapore Convention”) in 2018.