Advantages of the Patendex Service
The Patendex settlement service works because it aligns multiple interests:
- By joining a group of several defendants, each defendant gains from the strength of numbers in negotiating a settlement
- An NPE understands that its negotiating position is weakened by group activity and that a fast settlement is in its interest
- Patendex receives compensation on a success-fee basis, so our interest is in achieving a low price that the most members can accept.
Patendex members save money in defending against the ever-growing problem of NPE patent lawsuits:
- Patendex's structure avoids delaying needed settlement talks, allowing members to save significant costs through reductions in legal fees, personnel costs, and business distraction
- Patendex-facilitated group settlements achieve lower license payments or royalties than individual settlements
- Patendex members who settle eliminate risk from uncertain lawsuit outcomes.