A competitor is infringing on your R&D team's patent. How will you protect your innovation?
When a competitor infringes on your R&D team's patent, taking immediate and strategic action is crucial. Here are essential steps to safeguard your intellectual property:
How do you handle patent infringements in your business?
A competitor is infringing on your R&D team's patent. How will you protect your innovation?
When a competitor infringes on your R&D team's patent, taking immediate and strategic action is crucial. Here are essential steps to safeguard your intellectual property:
How do you handle patent infringements in your business?
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To protect your innovation from patent infringement, begin by gathering evidence of the violation, including proof of your patent ownership and the competitor’s use. Consult intellectual property (IP) attorneys to assess the situation and determine your next steps. Send a cease-and-desist letter to formally notify the competitor of the infringement and demand they stop. If resolution through negotiation or licensing agreements is possible, consider mediation to settle the issue amicably. If these efforts fail, file a lawsuit to enforce your patent rights and seek damages. Finally, review and strengthen your IP protections to prevent future infringements.
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