litigation cost

kcatoto's picture

MO Patents, MO Problems: Patent Lawsuit Economy

Patent litigation is when an inventor or other practicing entity owns a patent, and that patent is infringed upon by a third party. Patent trolls have become a huge problem clogging up the legal system with frivolous lawsuits and forcing good companies to defend their innovations. If all patent litigations were adjudicated in 2008 the total cost would have been $31,224,000,000.
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