Arbitration As An Effective Mechanism For Resolving Intellectual Property Disputes: Assessing Benefits And Limitations

1. Introduction

The significance of Intellectual Property (IP) rights in the global economy is beyond doubt. With technology playing an increasingly crucial role in delivering products and services worldwide, and the rapid expansion of high-tech industries, the protection of patents has become more crucial than ever. Similarly, establishing and promoting a brand identity that transcends language and cultural barriers has significantly increased the value of trademarks. Moreso, the advent of innovative methods for transmitting, receiving, and storing various types of content, such as text, sound, video, and images, has broadened the scope of copyright legislation.

To ensure the enforceability of intellectual property rights, an effective dispute resolution mechanism is essential. While many still rely on traditional courts to settle IP disputes, arbitration presents a viable alternative that can save time and cost, while ensuring expertise in the relevant subject