Patent litigation can be lengthy and expensive!
When an inventor owns a patent, and that patent is infringed, the patent owner has few options other than patent litigation. Many large settlements have been won by patent owners who launched patent infringement lawsuits against the infringers. However, patent litigation is lengthy, and patent litigation is very expensive!
Patent litigation is the classic David-versus-Goliath battle. The plaintiff is often an individual or small business, and the defendant in the patent litigation is very often a large corporation with virtually unlimited resources. It is not enough to have a valid patent and a valid claim of patent infringement in order to be successful in your patent litigation. The case will be won by the side with the greatest expertise and experience, AND the financial resources to pursue the patent litigation to a successful resolution!
Patent litigation can have several outcomes
The patent owner needs to be aware of the possible outcomes that patent litigation can produce. Very few civil lawsuits - including patent litigation - actually go to trial. Most result in some type of out-of-court settlement.
Damages: The patent owner may be able to receive compensation for use of his or her patent. These damages will be based in part on the royalties the patent owner would have been paid had the infringer licensed the patent in the first place. If the patent owner practices his invention (uses the invention in a product or service that is offered for sale), the patent owner may be entitled to compensation for the lost profits caused by the sales of the infringer’s products and services that use the patent in question.
Settlement: The patent owner may be able to negotiate a lump sum settlement that includes both past infringement of the patent as well as future use of the patent. Large corporations often prefer to make a single payment that includes past, current and future use of the product. Payment for future use of the patent is usually based on projected sales of the product that uses the product over the remaining life of the patent.
License: The patent owner may be able to secure what is called a “stick license” from the infringer under which the infringer pays the patent owner a royalty based on unit or dollar sales of the products or services that use the infringed patent.
What are your patent litigation options?
The inventor who can afford to spend hundreds of thousands of dollars – even possibly a million dollars or more – to finance patent litigation on his own really has just two options. He either walks away and leaves the infringer to infringe his patent with impunity, or he finds a champion – like General Patent Corporation – with the expertise, experience and financial resources required to launch and prosecute a successful patent infringement litigation campaign!
Unbeatable patent litigation track record
General Patent Corporation (GPC) has an enviable record of achieving results for patent owners whose patents have been infringed. GPC also brings several value-added services to patent litigation, and does so at no cost to the patent owner. General Patent offers its unique Suite of Services, a comprehensive package of support services that no other organization offers. GPC is paid a success feel only when we have produced results for you, the patent owner. We are paid from any awards, settlements, royalties or other revenue produced by the patent litigation per an agreed-to formula.
Can General Patent assist you?
It costs nothing to have General Patent analyze your claim of patent infringement to determine if patent litigation is a viable alternative. It takes just a few minutes to complete a Patent Infringement Inquiry. Or call us toll-free at 888-861-8484.