Sometimes delving into a heated courtroom argument is not what you will want to do to resolve your intellectual property dispute. Luckily, the state of New Jersey offers various other dispute resolution options that can result in quicker and cheaper outcomes. At The Law Offices of Richard E. Novak, we have represented clients on various matters related to patents, trademarks, copyrights, and trade secrets both in and out of the courtroom. With all of that experience under our belt, we recognize that litigation for intellectual property might be more beneficial as the last resort. If you have questions regarding dispute resolution alternatives in intellectual property, do not hesitate to contact us today to speak with our experienced intellectual property attorneys today.
Why should I consider other dispute resolution alternatives in New Jersey?
In most cases, when an intellectual property dispute turns to litigation, it can often take up more time and cost more money than other dispute resolution methods would. Oftentimes, disputes taken through the course of litigation will take a lot more time to resolve. This is why our firm and most clients will turn to other methods of dispute resolution.
If you are in the midst of an intellectual property legal matter and would like to resolve your dispute quicker than a court would allow and at a minimal expense to you, it is in your best interest to consider alternative dispute resolution.
What is arbitration?
In some licensing agreements, there are conditions that state that any dispute must be resolved through arbitration, rather than litigation. Arbitration involves a panel of attorneys that are experts in the legal matter at hand to act as judges and making a decision. The process is binding and confidential, meaning that once the arbitrators issue a decision, it cannot be appealed.
What is mediation?
This is another alternative to litigation and is one of the more common choices by clients that would like to avoid a courtroom. This process is less structured than litigation and is much less expensive than arbitration and litigation. Mediation works through a neutral third party that will constructively discuss the matter at hand and comes to a solution that is acceptable to both parties. The goal is to have both parties engage in a discussion about their perspectives and ultimately draft a binding legal document that will resolve the matters.
Contact our Firm
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.