In WIPO Magazine 1/2010 from February 2010 there is an article "Keep it cheap: Ten Tips for Minimizing IP Dispute Settlement Costs" with a list of 10 tips to companies.

The tips are:

1. Think carefully before entering an IP dispute.
2. Identify the best and worst possible outcomes of the dispute.
3. Keep accurate, up-to-date and accessible business records. 
4. Seek specialist advice.
5. Keep control of the decision-making process.
6. Talk to your representative about likely and actual cost.
7. Remember that your IP representatives are not a clerical service. 
8. Watch the calendar, watch the clock.
9. Act in a firm, consistent manner.
10. Don’t turn a business dispute into a matter of principle. 

The whole article is available from here.

Last updated: Wednesday, August 31, 2011