WIPO Mediation Pledge for IP and Technology Disputes
Parties to commercial disputes related to intellectual property (IP) assets are increasingly concerned about the time and cost caused by such disputes.
Without binding parties, the WIPO Mediation Pledge for IP and Technology Disputes promotes mediation as an alternative to court litigation in order to reduce the impact of disputes in innovation and creative processes.
The World Intellectual Property Organization (WIPO) is the global forum for IP services, policy, information and cooperation. Among many activities, WIPO successfully provides companies, universities and research and development (R&D) centers with an efficient route for protecting inventions, trademarks and designs across borders. By signing the WIPO Mediation Pledge offered by the WIPO Arbitration and Mediation Center, users of the PCT, Madrid, and Hague systems as well as all other IP stakeholders can contribute to time- and cost-efficient resolution of IP and technology disputes.
As an alternative to court litigation, mediation is an informal consensual process in which a neutral intermediary, the mediator, assists the parties in reaching a settlement of their dispute, based on the parties’ respective interests. Mediation is appropriate for most IP and technology disputes, particularly between parties from different jurisdictions, and empowers the parties by enhancing their control over the dispute process and outcome. If well managed, mediation can save considerable time and cost. In addition, mediation’s consensual nature often allows parties to enhance their business relationship.