The Best Protection Against Litigation
Avoid Patent Lending
While PatentBooks offer advantages to product manufacturers (Subscribers) and patent owners (Publishers), the greatest advantage, particularly for companies that are both potential Subscribers and Publishers, is the significant protection against patent infringement litigation. These companies substantially reduce the costs, risks, and distractions of defensive patent infringement litigation by using a PatentBook as a critical element of a comprehensive product strategy.
The Increase in Patent Litigation
The costs of patent litigation, particularly in the US, have been rising steadily; this increase shows no signs of slowing. The American Intellectual Property Law Association 2009 Economic Survey showed that a single defendant in a case involving a single patent had legal costs of US$1.8 million through the discovery phase alone. The total cost for such a case (including outside counsel, travel, analytics, and expert witnesses) averaged $3.1 million — an increase of 20% over 2007 costs.
PatentBooks protect Subscribers from infringement lawsuits and offer far lower patent licensing costs.
License all PatentBook patents only when a production unit actually sells.
Enjoy freedom from litigation for their shipped products from all published patents.
Enjoy “amnesty” from all Publishers for all prior use of PatentBook patents for as long as they remain Subscribers in good standing.
Demonstrate a good-faith effort to license the necessary patents and meet their obligations to pay for the intellectual property they use, which should substantially reduce damages in the event of litigation brought by non-Publishers.
Public Market Value
PatentBook patent evaluation criteria are open to the public. Our team uses the TAEUSworks™ Evaluation Criteria process to evaluate patents published to our PatentBooks. Each patent will be placed in one of three tiers based on the quality and quantity of patents. This information will allow courts to establish a market value for a patent royalty based on the quality of the patent itself.
Saves Time and Money
The existence of a PatentBook offers a patent owner the choice between pursuing time-consuming, costly, and risky litigation, or simply publishing their patents risk-free to the PatentBook. By paying a modest fee for evaluation validation, the compensation will be similar to that which it might have received via litigation, without the time, expenses, and risk.
Insurance Against Litigation
Subscribers may purchase an optional insurance policy to cover exposure to litigation from all non-PatentBook patents. This insurance completes a Subscriber’s freedom to operate.
Benefits of PatentBooks for Publishers
Listing patents in a PatentBook is free. The only potential expense occurs only if a Publisher requests a validation of a self-evaluation of a valuable patent. By making patents easily available, Publishers receive revenues from a larger group of licensees than with a traditional bilateral licensing strategy.
Advantages of Using PatentBooks
Independent observers see PatentBooks as a cost-effective solution to current patent licensing and litigation practices. Companies that become the initial Publishers and Subscribers generate visibility and goodwill for their role in improving the current patent marketplace.