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INTELLECTUAL PROPERTY Unlike physical assets, it can be difficult to manage and control ownership of, access to, and use of intellectual property assets. The suitability of arbitration as a prompt and effective means of resolving intellectual property disputes has been well recognized in recent years. In the patent field, for example, arbitration is facilitated by important legislation expanding the range of disputes that may be arbitrated. Arbitration may be used to resolve intellectual property disputes that include patents, trademarks, and licensing. The advantages of arbitration over litigation for these types of cases are relative speed and economy, privacy, convenience, informality, reduced likelihood of damage to ongoing business relationships, more suitability to international problems, and, especially important, the ability of the parties to select arbitrators who are experts and familiar with the subject matter of the dispute. |
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