Welcome To Patendex
Non Practicing Entities – entities that do not have business operations of their own – have brought an increasing number of patent-infringement lawsuits in recent years. The defendants to these lawsuits are typically major manufacturers or commercial companies, and many are sued at once.
Non Practicing Entity (NPE) patent assertions cause defendants to incur:
- High legal fees
- Extensive business disruption
- Financial risk of court-awarded damages (for past infringement and royalties).
Each defendant, in turn, seeks ways to reduce or eliminate these problems. However, the most common approach – suing on a company’s own patents – does not work against NPEs, which do not make or sell product. Also, defendants usually do not coordinate well with each other, leading to duplication of costs and the NPE being able to play off one defendant against others.
Patendex offers a unique service to patent lawsuit defendants. We assist co-defendants in forming groups, then leverage the strength of numbers to negotiate low-cost settlements. As a trusted intermediary, we ensure that company data is kept confidential and that settlement costs are allocated fairly among defendants in the group.
Participation in Patendex saves money, reduces risk, and allows members to focus on their main businesses with less distraction and cost from continued NPE lawsuits.