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May 1, 2009, Newsletter Issue #165: The High Cost of Patent Infringement
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Tip of the Week
Patent, trademark or copyright infringement is when a person or company uses a protected invention or creation without the permission of the rights holder.
If you follow patent law, you may have noticed a trend towards massive infringement settlements. Our economy, now heavily dependent on knowledge-based industries such as software, telecommunications, biotechnology, and pharmaceuticals, takes infringement very seriously. A single patent, infringed, can mean the difference of millions of dollars lost or won in litigation – and even more in terms of long-term revenue and profit.
The piracy of business software alone costs US companies more than $12 billion a year, according to estimates from the Software & Information Industry Association (SIIA) which is the principal trade association for the software and digital content industry. And most of this software piracy takes place most commonly in the office.
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This weekly Invention Tips newsletter is brought to you by InventHelp, "The Invent Help People," America's leading inventor service firm. InventHelp can assist you in trying to submit your invention or new product idea to companies, as well as help you obtain affordable patent services. To request more information, visit www.inventhelp.com or call toll-free 1-800-INVENTION.
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