Dispute Resolution Institutions

Dispute resolution institutions are organized systems or bodies that help settle disagreements between parties without going to court. They include courts, arbitration centers, and mediation services. Courts handle legal disputes through formal procedures, while arbitration and mediation are alternative methods where a neutral third party assists in reaching an agreement. These institutions aim to resolve conflicts efficiently, fairly, and with less hostility, providing a structured process to ensure both sides are heard and a just decision is made. They are essential for maintaining order and fairness in society and business.