Mediation Of Intellectual Property Disputes

Intellectual property assets are central components of the contemporary knowledge economy. Therefore, it is essential that they be managed efficiently and in order to do so, the option of dispute resolution must be clearly spelled out.

Although an intellectual property dispute can be resolved through court litigation, mediation, arbitration or other alternative dispute resolution ("ADR") procedures is frequently resorted to as ADR is appropriate for most intellectual property disputes.

Mediation, specifically, is an attractive option for parties that place a premium on the preservation or enhancement of their relationship, seek to maintain control over the dispute settlement process, value confidentiality, or want to reach a speedy settlement without damage to their reputations.