Introduction
In present times, Intellectual Property (IP) licensing is a key
profitable model for plethora of businesses. Through the use of
patents, trademarks, copyright and other IP, licensing allows
companies to strategize their innovation and reach out to more
customers. But licensing deals are not that straight forward.
Fights over royalties, performance standards, and the specific
terms of granted rights often inflate into expensive lawsuits,
which ultimately threatens to shatter years of established business
relationships and along with destroy the very thing licensing is
designed to preserve. Against this backdrop, Singapore has emerged
as a pioneer in the use of mediation to resolve IP licensing
disputes. With a well-structured system Singapore provides a
dispute resolution setting that is confidential, speedy, and
business-friendly. Mediated settlements maintain commercial
relationships, protect sensitive information, and enable parties to
move on quickly
