Your intellectual property is important. It’s the creative concept you use to build your future, whether it’s through an independently funded project or through the growth of your small business. When this intellectual property is under threat? You could lose valuable time and money, leaving you stranded and wondering where to go after all your hard work. Patent litigation is what professionals turn to when they find themselves in hot water. When you need an arbitration service to help you through a dispute or you’re wondering what you need to know about copyright and patent law, patent litigation services can help.
Firstly, let’s have a simple overview about common legal disputes in the United States. Bankruptcy is not as common among small and large businesses as it used to be, but it still affects hundreds every year. The vast majority of all chapter 11 debtors have less than $10 million in assets or liabilities, as well as less than $10 million in yearly revenue and less than 50 employees. More commonly bankruptcy happens to individuals, with the most common sources linked to credit card debt, medical debt, student loans and failed start-ups.
It’s also important to know about civil cases and where they stand when it comes to you applying for patent litigation. Back in 1962 it was estimated around 12% of federal civil cases reached trial. Nowadays this figure has reduced significantly, with legal experts estimating only 1% ever reaching a courtroom. This is due in no small part to litigation services and their ability to resolve conflicts early. Whether or not yours will reach trial depends wholly on the services you request and how well they can handle your unique case.
Consider these following statistics when considering patent litigation services. A few years back one judge presided over hundreds of different patent cases, all of them ranging from contract disputes to class actions. With the exception of those modified by the parties, class actions are generally handled by FedArb Arbitrators or Panels in the same manner they are handled under the FRCP 23 rule. This includes certification, notice and settlement in the entire package.
When you seek out patent litigation you are seeking out the most accurate means of defending your intellectual property through the best means available. Litigation is a useful tool that provides an extra professional eye to oversee the necessary proceedings and ensure the proper conclusion is reached in regards to local and nationwide laws. All parties will be assisted with the commercial contract and any alternative dispute resolution needed will be handled in compliance with updated laws.
Do you need patent litigation services? From working out license agreements to figuring out personal bankruptcy, a litigation attorney can assure you’re steered on the right path. Let a professional help you today so you can reduce your worry and pursue your future with confidence.