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Expert Analysis

You Got A Patent Infringement Demand Letter — Now What?

Law360, New York (July 15, 2016, 11:07 AM EDT) -- It's a calm Tuesday, and the bank president's desk is cluttered with the usual matters. Today will be different, however, in that the morning's correspondence includes a letter from an unfamiliar company offering a license to its patent portfolio. The company identifies a popular feature of the bank's online services as infringing a U.S. patent. A quick Google search reveals that the company has sued several other banks for patent infringement. The bank's president does not want the distraction of a patent infringement suit that is so distant from the bank's business focus, and fortunately, several steps can help protect the bank's position and ultimately narrow or eliminate its exposure....

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