Someone having their intellectual property stolen happens more often than one might believe. Typically, an intellectual property issue is associated with the music industry—lyrics or beats are often taken from other artists without their knowledge, which usually makes headlines. The scandal surrounding intellectual property issues makes it sensational in the media, but most people don’t understand what constitutes as an intellectual property issue and how a patent attorney solves the case.
What Is A Patent Lawyer?
Patent law pertains to a branch in law that deals with intellectual property law, such inventions or creations that have made a significant contribution. Traditionally, patents only protected scientific inventions, such as circuit boards, car engines, heating coils, or zippers that were considered the top patents of the day. However, as the technology revolution began, patent law became a bit more convoluted in its laws—there was more access to information that could easily be used and claimed as their own property. The use of the internet, in turn, caused patent law to become a bit more difficult to allude certain loopholes that came with public domain works. The law now defines an invention if it’s not a natural object or process, new, useful, and not obvious.
An Intellectual property lawyer specializes in claims dealing with intellectual property issue, and rightfully declaring the wrongful party as guilty of theft. The job of an IP lawyer involves rules for securing and enforcing legal rights and financial services to inventions, designs, and even artwork. Patent protection is able to cover a wide legal section, such as securing assets like personal property and real estate from being taken unrightfully. The patent process assists clients in numerous ways, including establishing and protecting intellectual capital, financial services, transferring proprietary technology drafting licensing agreements, conducting IP asset due diligence, licensing inventions, and negotiating settlements.
How Arbitration Works
Arbitrations can be presented in many cases—disputes concerning employment discrimination, thief of intellectual property, partnership dissolution, and commercial disputes can all fall under the process of arbitration. Typically, in most arbitrations, the arbitrator sends the opposing party a notice of intent to arbitrate a dispute with an outlined basis for the primary concerns that will be discussed. There is a brief response period, followed by selecting the arbitrators, and finally, the hearing. Although there are specific principles arbitration must follow, the process varies considerably—the circumstances normally will outline and specify the rules and regulations in the party’s arbitration. International arbitration is a process between two companies in different states, which disputes processes can vary considerably because of the complexity surrounding international disputes. However, all arbitration processes involve similar structural means as a traditional courtroom trial and financial services (I.e., mediation, mock trial hearings)—after all required hearings are heard, a panel or single arbitrator deliver a ruling to the party, and the ruling may have an option to appeal depending on the type of arbitration.
Why Arbitration Is Better Than Intellectual Property Litigation
Arbitrations and Litigations are similar to an extent. Ultimately, these similarities primarily depend on the individuals or companies involved. The most noticeable differences between arbitrations and litigations are the speed of process, formality, and selection process. Arbitration makes dealing with disputes much easier to find a solution to otherwise difficult cases without all the unnecessary formalities surrounding it. The cost and speed of arbitration make them far more idea for companies as well. Litigations are costly to both parties—compared to traditional litigations, arbitration cost is limited to the fees for an arbitrator and attorney fees.
1. Freedom in Decision: Parties, can choose a technical person to be an arbitrator if the dispute is technical.
2. Efficiency: Arbitrations typically take half the time of court proceedings, and preparation is less demanding.
3. Cost: One or both parties pay for financial services, while the court provides an adjudicator at no additional price.
4. Privacy: The information shared in the arbitration is confidential and not intended for media or the outside public.
5. Flexibility: The process can be streamlined, segmented, or simplified depending on the circumstances.
6. Convenience: Hearing times are scheduled to fit each party’s schedule.
7. Certitude: In most cases, there’s no right of appeal in arbitrations.