IP litigation can be costly, whether or not the case ever makes it to court. According to the American Intellectual Property Law Association, the average cost of patent litigation through trial is $2.5 million, even for a successful defense. But the costs are not only in dollars. In addition to an enterprise’s legal team, litigation demands the precious time of key executives, whose time is better spent focusing on the growth of the enterprise itself.
Without even considering the actual costs of any given lawsuit, there are far-reaching costs associated with the potential damage to your intellectual property (IP). Negative litigation results can significantly reduce the scope of your patent portfolio, narrowing its profitability. The life of your inventions might be shortened, and the overall market share your enterprise owns can decrease drastically, both in the United States and around the world.
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