What is voluntary arbitration in patent disputes?

Voluntary arbitration in patent disputes is a process outlined in 35 U.S.C. 294 where parties can agree to settle disputes related to patent validity or infringement through arbitration. The law states:

‘A contract involving a patent or any right under a patent may contain a provision requiring arbitration of any dispute relating to patent validity or infringement arising under the contract.’

This allows parties to resolve patent-related conflicts outside of the court system, potentially saving time and resources.