New scheme for mediation in IP disputes funds up to S$5,500 per case
The Intellectual Property Office of Singapore estimates that close to 30 intellectual property disputes will benefit from the scheme, which takes effect in April, over the next three years.
- Posted 21 Mar 2016 23:51
- Updated 22 Mar 2016 09:57
SINGAPORE: A new scheme will offer parties who opt for mediation to resolve intellectual property (IP) disputes with funding of up to S$5,500 per case, the Intellectual Property Office of Singapore (IPOS) announced on Monday (Mar 21).
The IP Mediation Promotion Scheme, which starts on Apr 1, is designed to help businesses and entrepreneurs leverage the strengths of mediation in achieving "customised, win-win solutions", IPOS said.
IPOS estimated that close to 30 IP disputes will benefit from the scheme over the next three years, adding that nearly 100 per cent of businesses and lawyers reported high levels of satisfaction from mediation in a State Courts survey.
Deputy chief executive of IPOS Chiam Lu Lin said mediation empowers businesses to take a "cooperative, consensus-led approach" towards resolving IP disputes.
"Enabling the constructive resolution of IP issues through such initiatives is part of IPOS’ ongoing mission to foster a pro-innovation environment for all creators," she added.