Arbitration and Alternative Dispute Resolution (ADR) are mechanisms used to resolve disputes outside of the traditional court system. They offer faster, more cost-effective, and flexible ways to settle disputes between parties in various types of conflicts, including commercial, contractual, family, and labor disputes. ADR includes several methods, such as arbitration, mediation, conciliation, and negotiation. Each method differs in its approach, but all aim to reduce the burden on courts and provide timely resolutions.