More IT Firms Seek Non-Court Legal Resolution
February 28, 2011
The UN World Intellectual Property Organization (WIPO), a dispute resolution platform once used mainly to resolve patent and trademark issues, has seen a 30 percent increase in cases that involve IT companies seeking redress in matters pertaining to contracts, outsourcing, or service agreements. There has also been a specific increase in these services by Asian firms.
More parties are turning to WIPO Arbitration and Mediation Center because of the lower costs but also because of the expertise of the legal counsel in “the fast developing technology world.” Having a tribunal that knows the scope and domain of the dispute is a top reason for the increased use of the WIPO in IT disputes.