Win Big Patent Litigation Attorney Reveals Ultimate Strategies
Financial Considerations and Cost Management
Patent litigation can be expensive, with costs ranging from hundreds of thousands to millions of dollars depending on the complexity of the case. Therefore, managing these costs is essential. Many law firms offer alternative fee arrangements, such as contingency fees or flat rates, which can help manage expenses and align the interests of the attorney and client1.
It's also important to consider the potential financial outcomes of litigation. Winning a patent case can result in substantial damages awards or settlements. In some instances, courts may award treble damages if willful infringement is proven2. However, the risk of losing and the associated costs must also be factored into the decision to litigate.