X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Imagine that you have an idea for a new product. You invest a great deal of time, effort and funds refining and improving upon the idea, developing a successful prototype and finally in manufacturing a finished product that is better than anything available in the market. Along the way you obtain patent protection, which requires you to invest even more funds. The product is introduced into the marketplace, including prominent marking indicating that the product is protected by a patent. The product quickly achieves success in the marketplace. A large competitor intentionally copies your product knowing that it is patented. You approach the competitor and demonstrate evidence of patent infringement that would make Sherlock Holmes proud. You tell the infringer that you could seek an injunction but you are willing to grant a license for a reasonable fee. The competitor, apparently unconcerned about your patent, replies “Sue me or get lost”.

Wait, what? You expected the competitor to respect your patent. You made a considerable investment to develop your product including obtaining the patent that protects it and your competitor did not meaningfully dispute the infringement allegation. In fact, the competitor is intentionally infringing your patent and is now using your own patented invention to compete against you. The patent is supposed to protect your invention from such intentional wrong-doers in precisely this type of situation. How can this be?

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 

Intellectual Property Licensing: Forms and AnalysisBook

Intellectual Property Licensing: Forms and Analysis is a comprehensive collection of forms, checklists and agreements designed to help attorneys deal with virtually any ...

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.