Product Users Can Avoid Potential Liability

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Anyone reading the newspaper lately has no doubt heard about the proliferation of intellectual property infringement lawsuits. Rivals, such as Apple v. Samsung, Christian Louboutin v. Yves Saint Laurent (YSL) and Lululemon v. Calvin Klein are filing high-stakes infringement suits to block the other’s products.

While those lawsuits make headlines, the significant rise in volume of intellectual property suits is due to “patent trolls.” No, patent trolls are not those brightly colored dolls from the 1960s to the 1990s. “Patent trolls” are entities that own patents, but do not create any products or services with those patents. Patent trolls sue or threaten to sue companies, usually with the aim of forcing the target to buy a license.

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Topics:  Indemnity Agreements, Licenses, Patent Trolls, Patents

Published In: General Business Updates, Intellectual Property Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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