What is mediation in licensing disputes?

Can you explain what mediation is in the context of licensing disputes?

Mediation is a process where a neutral third party helps disputing parties reach a mutually acceptable agreement.

How does mediation differ from arbitration in licensing disputes?

Unlike arbitration, where a decision is made by the arbitrator, mediation focuses on facilitating dialogue and finding a compromise.

What are the benefits of using mediation for licensing disputes?

Mediation can be faster, less expensive, and allows for more creative solutions compared to litigation.

Are there any specific steps involved in the mediation process?

Yes, the mediation process typically involves an initial meeting, discussions, and then negotiations to reach an agreement.

Can mediation be used for international licensing disputes?

Absolutely! Mediation is often used in international disputes due to its flexibility and the ability to accommodate different legal systems.