Patent Infringement Cases Updated November 27, 2020:
Patent Infringement Cases
A patent infringement settlement is an agreement that has been reached between a patent owner and an individual or corporation that used and profited from the intellectual property in the patent without the patent owner's permission. Legal cases involving patent infringement are complex and can have a substantial impact on both parties.
Suing someone for patent infringement is a big risk for most companies. These cases are costly, can drag on for years, and are often difficult to win at trial. This is especially true if you are a small business attempting to sue a large company for patent infringement. (Facebook Large?)
Common outcomes of patent infringement lawsuits include:
- A negotiated settlement in which the defendant agrees to pay an ONGOING royalty for the intellectual property in question. (This is Chens MO) Through this licensing agreement, the plaintiff will enjoy a stream of income. Also, he or she may be able to negotiate for retroactive payments as well.
- If a settlement cannot be reached, a mediator specializing in patent infringement may be used to assist with the negotiation and terms of agreement. These firms can often secure favorable settlements for the plaintiffs in such cases. In addition, they can sometimes resolve the issue more quickly than if both parties proceeded with the case to trial.
- If these measures are not successful, the plaintiffs in patent infringement cases can attempt to win a victory at trial.
- https://www.upcounsel.com/patent-infringement-settlement