Is There a New Venue for IP Disputes?
When companies invest in technologies that evolve rapidly, they often need equally quick resolution of disputes.Increasingly more and more intellectual…
August 22, 2017 at 06:20 AM
3 minute read
The original version of this story was published on Law.com
When companies invest in technologies that evolve rapidly, they often need equally quick resolution of disputes.
Increasingly more and more intellectual property lawsuits are landing in the United States International Trade Commission, rather than in Federal district court. Why? Because of faster judgments (12.8 months two to three years); better outcomes (92 percent of complaints are found in violation of patent infringement and/or unfair trade practices); and the ability to sue multiple respondents across the globe in a single forum.
Inside Counsel recently sat down with Ajay Mago, who headed up Culhane Meadows' litigation on the NEXTT case. He discussed this new venue that more IP lawyers are using because of the USITC's broadpowers to ban imports and seize goods that infringe patents or engage in unfair trade acts.
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