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Why Exactly Companies Settle Out of Court Against Patent Trolls?

This world is full of inventions! Every day new inventions are made throughout the world in each and every field. This is a very bright thing for the mankind as new and advanced methods actually make life easier for the people or give them more suitable options. The only problem with most of the new inventions is that somehow they are related to an already discovered technology, product, service, etc. This is the reason it is imperative to get patent rights for the new invention, advancement or practice which your company is doing. The simple reason being that there are a lot of patenttroll companies out there who are looking to sue other companies for infringement. Also Read: Top 3 Tips to Protect Your Business against Patent Trolls These bad patents obtain patent rights for a product or service for the sole purpose of suing other companies who practice or have started practicing similar technologies, product, or service. These bad patents target only those companies which
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Why Should Every Company Opt for Patent Insurance?

This world is full of inventions and ideologies. Anything which we see today was originally an idea, someone’s vision to transform this world for better. Ever since this world came into existence, new and innovative methods were adopted to do things differently. Having said that, it is very much prevalent in the present times too but things are a bit more complicated today. It is equally imperative to protect your inventions and ideas by getting it patent as it is to generate them. It is vital to consult a litigator before applying for a patent as you never know when you get challenged against patent infringement. The best way to deal with this is by having a patent insurance coverage . If you ask us as to why one should opt for it, let us brief you with the same. Top Reasons for Every Company to Opt for Patent Insurance ·         Financial Protection against Patent Litigation Patent litigation was, is and will definitely be costly due to its ever increasing costs. It has
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What to Do Before Filing A Patent?

An idea is an opportunity. However, someone can deprive you of this opportunity if your idea is not protected. We all know that a patent provides the required protection. However, it is important to have answers to some questions. Is the idea worthy? Is the idea new and unique enough to protect? Is it the right time to cash in on this opportunity?  A patent is a valuable tool in your arsenal that protects your idea. However, it is not guaranteed that a patent will unlock success for you. You need to invest a boatload of dollars in protecting your patent. Can the product make to the market? If it can’t then investing in a patent cannot be a smart business move. It is a well-known fact that only 3% of the patented products succeed in the market. Remaining 97% don’t even make to the market.  It does not mean that you should not file a patent for your idea, invention, method or product. However, it should not be the first step. The first step should be the evaluation of the idea
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Top 3 Tips to Protect Your Business against Patent Trolls

Patent trolls are just as bad as everyone says they are. Patent trolls have become a big problem for many businesses. Patent trolls attack vulnerable businesses with a lawsuit claiming patent infringement. Since the patent trolls trend increasing rapidly, you need to protect your business. What is a patent troll? A company that obtains the right to one or more patents in order to profit by means of licensing or litigation, rather than by producing its own goods or services.  It is always a good idea to evaluate your options for dealing with patent trolls before you get a threatening letter notice from one of these controversial monsters. So, what should you do if you receive intimidating letters from patent trolls every day? Here are some tips for NPE patent litigation . Take it easy Did you receive an email from a patent troll claiming that you are using their patent and have to give them x amount of dollars as a license payment? If yes then it’s not wise to get em
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