ABSTRACT
In today’s interconnected global economy, where safeguarding intellectual property (IP) is crucial, disputes over IP have grown more frequent. Parties involved in intellectual property disputes frequently find that traditional litigation, with its slow pace, high expenses, and rigid rules, is insufficient to suit their objectives. Arbitration has become a viable alternative dispute resolution (ADR) process with a few clear benefits. This essay explores the use of arbitration in settling intellectual property disputes, highlighting its advantages, which include procedural flexibility, confidentiality, and the capacity to choose arbitrators with specialised knowledge. Arbitration is not without its difficulties, though. These include problems with the enforceability of verdicts, the possibility of excessive fees, and jurisdictional complexity, particularly in cases involving international parties. This research offers a thorough grasp of arbitration’s efficacy in IP dispute resolution through a comprehensive comparison with traditional litigation and an evaluation of notable case studies. To guarantee that all parties involved may fully take advantage of the arbitration process, it also provides useful suggestions for enhancing it to meet the unique needs of IP conflicts better.
Agrawal, Manisha, The Role of Arbitration in Intellectual Property Disputes (May 26, 2024).
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