What is the juridical value of the parties agreement resulting from a mediation?

Once the parties have reached an agreement, the parties and the mediator will write a document that sets the rights and obligations that each of them assumes within this agreed solution. If the parties wish, this document will be transcript into a public deed, taking the form of a transaction contract, or another figure, depending on the need of the case. It is important to note that, in Chile, for a transaction to be considered as an enforceable instrument, it must be formalized in a public deed.