Management Planning Process

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RESEARCH COMPLIANCE
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Executive Summary
Conflict regarding the intellectual proper is common and so, ADR can solve the conflicts which
is explained in this report.

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Table of Contents
1.1 Introduction................................................................................................................................3
1.2 Discussion..................................................................................................................................3
1.3 Conclusion.................................................................................................................................4

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1.1 Introduction
For solving out the conflict between two parties regarding exchange of fund and
intellectual property, ADR (alternative dispute resolution) can be used as it involves non-
adversarial ways to solve disputes.
1.2 Discussion
With the help of methods under ADR, the conflict regarding intellectual property and
exchange of funds can be resolved. Those methods are following:
 Mediation: it is a type of non-binding procedure which involves formalities where both
the parties can submit their dispute for resolution. Here an intermediary would act as a
mediator and help the parties to solve their dispute and get a mutual satisfactory result.
The mediator should have proper knowledge regarding every possible framework and
then choose the best framework for the particular conflict to resolve. Mediation is
considered to be very confidential and hence if the parties want, they can withdraw the
procedure at any point of time. There is no other third party involved during this process
which helps the matter stay confidential (Linkedin.com., 2020).
 Arbitration: this is more formal than the mediation. It might be similar to mediation, but
it is different in a lot of aspects like after the submission of the agreement by the parties,
that dispute will be submitted to more than one arbitrators so that they can collectively
find a proper solution for the conflict. Here the parties can choose their arbitrator rom
whom they want to solve the conflict. Arbitrations looks into the legal position of the
parties and then make a suitable decision which will be applicable for substantial law
(Wipo.int., 2020).

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1.3 Conclusion
Different ways of ADR can help the parties to come up with a mutual solution which will
be beneficial for both of them.

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References:
Linkedin.com. (2020). The Basic Steps in the Management Planning Process. Retrieved 2 April
2020, from https://www.linkedin.com/pulse/basic-steps-management-planning-process-
terry-mullane
Wipo.int. (2020). Retrieved 2 April 2020, from
https://www.wipo.int/edocs/pubdocs/en/wipo_pub_tk_8.pdf