Arbitration, conciliation, and mediation are alternative dispute resolution (ADR) methods for resolving conflicts outside of court. Arbitration involves a neutral third party making a binding decision, while conciliation helps parties find a mutual solution. Mediation aims for common ground through a mediator's guidance. They offer confidentiality, informality, and quicker resolution than court litigation, making them a versatile option for a variety of conflicts.

The Arbitration and Conciliation Act is a law that guides dispute resolution through arbitration and conciliation. It explains the legal procedures, qualifications of arbitrators and conciliators, enforcement of awards and promotes these methods as an effective alternative to court litigation.

To better understand the Arbitration and Conciliation Act, it is important to have an "Arbitration and Conciliation Book" as it acts as a comprehensive reference guide to understand the processes, rules and procedures involved in resolving disputes efficiently.

LexisNexis offers a wide range of expert-written books on arbitration, conciliation, and mediation, providing valuable knowledge and insight to efficiently apply these methods to resolve diverse disputes.