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Nanotech Patent Enforcement Through Contingency Arrangements
Volume 7, Issue 1

Kirk Hermann

Nanotechnology is developing in an environment much different from the development of the DOT.coms of the 1990s. Nanotechnology products, which take many years to research, develop and test, are being developed at a time when funding sources are scarce. Exacerbating this problem is the fact that intellectual property costs associated with protecting proprietary rights rank as the second highest cost for most developing nanotech entities. Moreover, enforcing patent rights in court, when the average patent lawsuit costs at least one million dollars, can “choke” a startup’s critical cash flow. Attorney Kirk Hermann discusses how innovative law firms are offering their clients creative value added contingency arrangements.

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