You enter into contracts all the time $-$ whether signing up for a gym, using a phone plan, purchasing internet or renting$/$owning a home $-$ you have signed a contract. Look through a contract you have access to $($a phone one might be the easiest$)$ and find the clause on dispute resolution.

$1.$ What is the method of dispute resolution if there is a dispute with the contract?

$2.$ What does this mean? For example, if it states that you need to utilize arbitration $-$ what is arbitration?

$3.$ What would be the benefits or disadvantages to this form of dispute resolution that the contract requires?