Patent litigation funding or patent litigation financing is a financial tool businesses use to pay for litigation expenses. Businesses often find that their intellectual property is being used by some other party, without their permission. Whether a patent holder is a business or an individual they have all the rights to sue the other party who is using their IP unauthorized. Lawsuit funding, helps the inventor, to finance their IP litigation, the funds can be used to make the case strong, pay for expert fees, and level the playing field.
Patent infringement lawsuits are one the most costly legal battles since it involves ideas and technologies, that can bring millions and billions to the inventor. Further, they are not just costly, or complex, but they can drag a lot, making the plaintiff feel like it will take an eternity to settle.
Not every business wants to hamper their cash flow and put all their money into one lawsuit, hence we are here to help you with IP lawsuit funding. A financial tool designed just for individuals and businesses who have an ongoing IP infringement lawsuit, in which they are the victim.
What Is IP Infringement Lawsuit Funding?
Inventor put their soul and heart into designing some groundbreaking technology and product, But when they find out that, some other big company or individual is using their patent technology, without their permission. It can be frustrating.
You don’t have any other option, but to go through a legal battle, which can be time-consuming and costly. The court proceeding for an IP lawsuit can take years. But in the meantime, you have to continue running the business, and you don’t want to drain all your money into the uncertain lawsuit. That is where IP infringement lawsuit funding can help you.
Patent infringement lawsuit loan provides money to inventors and small businesses to pay for the legal fees to defend their intellectual property. These cash advances can help you pay for the court and continue with court proceedings without affecting your cash flow for day-to-day operations. Our lawsuit funds will provide you the financial power to fight against the big companies without sacrificing your business operations.
Who Can Get Patent Litigation Funding?
Individuals or businesses who are victims of intellectual property infringement can get patent litigation funding. Some of the common entities to whom we provide cash advances are:
Startups Fighting Against Big Brands
We have seen many times that small businesses that innovate or start with breakthrough ideas, often face IP infringement when other tech giant use their IP without acknowledging it. Because of this, they can lose a lot of money. Filing a lawsuit is the only appropriate option. However, startups need cash to continue with the lawsuit, as they will be costly and time-consuming. Our patent litigation funding can help startups to defend their innovations, without bankrupting the company.
Established Company Protecting Their IP
Not just small companies even larger companies find themselves in a bind when it comes to patent litigation. Maybe your IP is being used by some other companies, individuals, or multiple users. These will complex the case and will keep on dragging. In such situations, pre-settlement funding will help you with the extra capital needed to see the case through, without diverting duns from your core business operations.
Individual Inventors
Inventors are at the highest risk of patent litigation because they don’t have a lot of cash to continue with the court proceedings if a bigger company infringes on their patents. But with an IP lawsuit loan, even an individual inventor can level the playing field. The cash advance will help you to pay for the legal battle, instead of settling for low compensation. Now you can protect your IP without worrying about the cash.
How To Get Patent Lawsuit Loans?
Getting pre-settlement funding against your ongoing IP infringement case is easy. The only requirement is that you are the victim of IP theft, and you suffered financial loss because someone else is using your intellectual property without your permission. One more requirement to get cash advance from our company is that you have an active attorney working on the case who takes contingency fees and agrees to a lawsuit loan. Here are the steps to get cash for your IP lawsuit:
- Apply Now: First, you have to apply with us. You can do it by either filling out an online application form or giving us a call at 800-961-8924.
- We Evaluate: After you apply with us, we will get all the case-related information from your attorney. We will assess the case, and evaluate a few key points such as the merit of the case, expected settlement value, and expected time of settlement. Based on this we will determine the loan amount.
- We Propose: Once the evaluation is done, we will propose a contract with all the settlement funding terms. Here you will find the amount that you can get as cash advance, the interest rate related to it, and other terms.
- You Get Cash: We will send the agreement to you and your attorney. Once we receive the sign copy of the agreement we will transfer the money in less than 24 hours.
Maintain Control Of Your IP Lawsuit, With Patent Litigation Funding
Patent infringement lawsuit loans are not just normal cash advances, instead, they are risk-free cash that you can get against your lawsuit. These cash advances will help you get an upper hand against the defendant. You will get extra cash right now which you can use to pay for the hefty legal expenses, without worrying about the debt. Since these cash advances are non-recourse funding, which means if you lose, you don’t have to repay.
Furthermore, getting IP lawsuit legal funding will help you keep control of your lawsuit, even if it gets on dragging you don’t have to divert your operation funds into legal fees. You can hire the best legal team so that you can make your case much stronger demand for higher settlement and have leverage in negotiation.
So, instead of worrying about gathering cash for your legal battle, focus on your business, and let patent litigation funding help you with the cash you need right now. And repay only if you win.