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02 May, 2024
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https://www.abc-directory.com/site/4631311
URL
http://www.ip-holdings.com/patent-infringement-litigation-patent-lawsuit
Title
Patent Infringement Litigation
Description
A patent is a limited monopoly granted to an individual, business or other entity by the federal government in exchange for public disclosure of the invention. A patent does not give the holder the right to practice his invention, but the right to preclude others from using, manufacturing or selling a product or service that uses the patented invention. Patent litigation is when an inventor, business, or other private entity owns a patent, and that particular patent is infringed upon by an outside party. Patent litigation is usually a lengthy, drawn-out process that can cost both parties a significant amount of money.
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