Focus On Meaningful Indemnity Language In Tech Licenses
September 20, 2013, 12:01 PM EDT
Law360, New York (September 20, 2013, 12:01 PM EDT) -- Company ABC has just received a letter seeking indemnity from its customer based on software or hardware it provided to the customer for $15,000. The indemnity request is based on a letter the customer received from a nonpracticing entity alleging the customer infringes the NPE’s patent based on the ABC software or hardware.
One big problem: The patent troll seeks amounts in excess of $100 million based on the customer’s revenues from use of the software or hardware, and the customer says ABC company is obligated...