Dispute resolution refers to the methods and processes used to resolve conflicts or disagreements between parties. This can include various approaches such as negotiation, mediation, arbitration, and litigation. Each method has its own procedures and can be chosen based on the nature of the dispute and the relationship between the parties involved. The goal of dispute resolution is to find a fair and satisfactory solution for all parties, often without the need for a lengthy court process. Effective dispute resolution can save time, reduce costs, and help maintain relationships, making it an important aspect of both personal and professional interactions.