The High Cost of Patent Infringement

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What is patent infringement?

The High Cost of Patent Infringement

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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