Contingent Fee Intellectual Property
If a company or corporation infringes, you may now be able to get reimbursed for your loss through contingent fee litigation.
In the past, most independent inventors could not afford to sue the larger companies that infringed their patents, even though this happened quite often. However, now -- with the advent of contingent fee litigation -- inventors with winning cases can afford to sue, because attorneys who do this kind of litigation take a gamble with the inventor. This means that -- except for expenses -- you will not pay your attorney anything. If you win, you will share your winnings with your attorney. If there are no winnings, you pay only expenses. (With contingent fee litigation, however, the attorney carefully screens each case very carefully before taking it!)
Joe Hosteny's firm is one of a few in the country that handles contingent fee cases for independent inventors. Within the last 3 years, they won several victories, including: nearly $100 million for the solo inventor of a fuel injected snowmobile engine, $45 million for the solo inventor of a process for making a soy-based ink, and $11 million for the family that invented a new way to make pizza topping. (These results do not imply that the results in your case will be the same.)
Remember, more inventors are infringed than sue. Give Joe Hosteny a call at (312) 236-0733 to find out more.
If you think you have a good case against a company, you will want to know about the things that make a "winnable" contingent fee case:
The infringing party has used your product for a long time, and intends to use it in the future.
The infringing party has the ability to pay damages.
Your patent and its file history show no obvious problems. (You will have to go over this with Joe either on the phone or in person for him to help you determine this.)
Call Joe Hosteny at (312) 236-0733 or send e-mail firstname.lastname@example.org to ask him about contingent fee intellectual property litigation. In addition, he has written articles on the topic for Intellectual Property Today , Inventors' Digest and American Medical News .
Note to the media: Contingent fee intellectual property litigation is a very hot topic. Mr. Hosteny is available to answer your questions. To set up an interview for you, please call Julia Schopick at 708-848-4788.