Alternative Dispute Resolution in New Jersey
When individuals work to protect the rights to their intellectual property, they sometimes need to go to court in order to resolve certain issues. Other times, individuals wish to seek alternative methods to litigation that exist outside of court. This allows them to come to conclusions and decisions regarding certain situations without the assistance of a judge and a drawn-out court battle. Situations such as these may include any matters relating to patents, trademarks, copyrights, and trade secrets. With the assistance of experienced legal counsel, individuals can work to find more efficient and cheaper ways to solve their legal issues.
Some licensing agreements have specific guidelines on how they should be dealt with in the event of a breach of contract. There are some agreements in which arbitration must be used to resolve a legal matter instead of litigation. The process of arbitration is binding and confidential. It consists of a panel of attorneys who are aware and knowledgeable of the legal matter in question. These individuals are arbitrators who act as judges in order to listen to each side of the case. After hearing out both sides, they come to a conclusion and make a decision regarding the matter. Once the process is over, the arbitrators issue their decision to the parties involved and create a binding agreement. It is important to know that this decision cannot be appealed.
One of the most common alternatives to litigation in several legal matters is the process of mediation. Mediation is a popular choice for many clients that wish to avoid settling a dispute through going to court. The process of mediation is less structured and usually more financially feasible than arbitration and litigation.
Mediation exists with the assistance of a neutral third party. With their help, the parties involved are able to come together to discuss the issue at hand and work to come to a solution that both parties can agree to. The mediator exists to serve as an unbiased third party who does not consider any evidence during the process. The ultimate goal of mediation is to allow these parties to engage in a healthy discussion about the legal matter at hand. Mediation ends with a binding legal document that resolves this matter. It is important to note that if either party is not pleased with the process, they are able to end it at any time.
Contact our Firm
If you or someone you know is seeking legal counsel to protect their intellectual property, contact The Law Offices of Richard E. Novak, LLC. today.
The Law Offices of Richard E. Novak, LLC has over 25 years of experience helping clients through tough times when they need it most. If you need assistance with any intellectual property, traffic violations, or business law matters, our firm is here to help. It is critical that you pick the right attorney who can protect your rights. Contact The Law Offices of Richard E. Novak, LLC for a consultation.