Colorado Patent Lawyer Mark Trenner answers questions about “Patent Protection as Investment and Insurance.”

Watch Entire Interview at Once Here: Patents as Investment and Insurance Video

Interviewer: Right, I’d rather spend invest my money in new designs.patent lawyer

Patent Attorney: And that’s what a lot of small businesses say. Then suddenly the business receives a cease and desist letter from an attorney representing one of their competitors. The letter from the attorney alleges that the company’s most recent handbag design infringes a design patent that has just issued to their competitor.

Interviewer: What does the business being accused of patent infringement do in a case like this?

Patent Attorney: The first thing that business should do is seek the advice of a patent attorney, preferably an attorney having litigation experience. After evaluating the alleged infringing handbag in view of the issued design patent to determine whether the other party has a valid claim, the patent attorney is going to ask the business owner whether they have any of their own patents.

Interviewer: Why does it matter if the business has their own patent if they are being accused of patent infringement?

Patent Attorney: Well if they do, there is a possibility that the other company is infringing as well.

For Part 4, please follow this link: Patent Asset and Insurance Q & A – Part 4 of 4

 

Mark Trenner is a patent attorney, licensed with the U.S. Patent Office and in the state of Colorado. Mr. Trenner has over 15 years experience in the intellectual property field, and started Trenner Law Firm in 2004 to serve independent inventors, small and medium size businesses, and large corporations. General Information Only - Not Legal Advice (see full disclaimer below).