What is the best way to document IP dispute resolution in Contract Management?
Contract management involves the negotiation, execution, and monitoring of agreements between parties, such as suppliers, customers, partners, or employees. One of the key aspects of contract management is to protect the intellectual property (IP) rights and interests of the contracting parties, especially in industries where innovation and creativity are essential. However, IP disputes may arise due to various reasons, such as infringement, misappropriation, breach of confidentiality, or failure to comply with licensing terms. How can contract managers document IP dispute resolution in a way that is effective, fair, and enforceable? Here are some tips to consider.