Ending Soon! Save 33% on All Access

A Case Of Intellectual Theft? Know if your patent-infringement suit stands a chance in court.

Before you rush off to find a law firm willing to take yourpatent infringement case on a contingent fee basis, make sure youhave a case worth pursuing. "Contingent fee litigation weedsout frivolous lawsuits, because a case has to be good enough for alaw firm to take, since they heavily invest their manpower onit," says Meg Boulware of the American Intellectual PropertyLaw Association.

Take a look at attorney Joe Hosteny's checklist to seewhether you have a "winnable" contingent fee case:

  • The infringing party has used your product for a long time andintends to use it in the future.
  • The infringing party has the ability to pay damages.
  • Your patent and its file history show no obvious problems.
  • The subject matter is fairly simple, and therefore easy toexplain to a jury.

For more information, go to Hosteny's Web site at http://www.hosteny.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.