Setting Technology Licensing Disputes in Beverly Hills CA in Mediation
A licensing deal allows parties to mutually benefit from the sharing of information, products or services. However, it is not uncommon for technology licensing disputes in Beverly Hills California to arise when the parties interpret their language in different ways or an unanticipated change comes up. Such technology licensing disputes in Beverly Hills California can be resolved, often much more effectively, through mediation.
Mediation is a widely sought after alternative to litigation. Because the mediation session can be scheduled at any time that accommodates the parties’ schedules and that of the professional mediator, conflicts can be resolved much more quickly since there is no need to wait on a crowded docket and the outcome of other cases. This saves considerable time, which can be particularly important when determining fees and royalties to pay based on the licensing agreement. It can also save substantial sums on legal expenses since attorney hours are likely to be drastically reduced if the case can be settled through mediation.
Additionally, mediation is often much better at coming up with a solution that will work for both of the parties over a generic order made by the court. The parties play a pivotal role in developing an agreement that is mutually satisfactory. Mediation focuses on cooperation so future problems can also sometimes be avoided and the parties learn that this method of resolving a problem is available.
By Greg Wood