Ending Soon! Save 33% on All Access

A Case Of Intellectual Theft? Know if your patent-infringement suit stands a chance in court.

Before you rush off to find a law firm willing to take yourpatent infringement case on a contingent fee basis, make sure youhave a case worth pursuing. "Contingent fee litigation weedsout frivolous lawsuits, because a case has to be good enough for alaw firm to take, since they heavily invest their manpower onit," says Meg Boulware of the American Intellectual PropertyLaw Association.

Take a look at attorney Joe Hosteny's checklist to seewhether you have a "winnable" contingent fee case:

  • The infringing party has used your product for a long time andintends to use it in the future.
  • The infringing party has the ability to pay damages.
  • Your patent and its file history show no obvious problems.
  • The subject matter is fairly simple, and therefore easy toexplain to a jury.

For more information, go to Hosteny's Web site at http://www.hosteny.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Personal Finance

This Investment Bundle Includes a Trading Course and Stock Screener Tool for $150

Approach the stock market with an increased understanding.

Growing a Business

5 Strategies to Know As You Scale Your Business

Scaling a service-based company requires a comprehensive approach that goes beyond simply increasing revenue. It requires careful planning, strategic decision-making and a deep understanding of market dynamics.