The document discusses different methods for settling disputes, including conciliation, adjudication, and arbitration. It notes that a conciliator tries to get parties to settle on their own without making a decision, while an arbitrator can make a final ruling. Arbitration is described as a popular dispute resolution process in several countries because it is flexible, less expensive than other options, and helps build cooperation between parties. The key conditions for referring an industrial dispute to arbitration under the relevant Act are that a dispute exists, the employer and workers agree in writing, the agreement is officially signed, and it is referred before going to labor court.