Contingency Fee Patent Litigation
At Goldsten & Lipski, we tailor a fee structure that best suits each individual client and situation. While we welcome both hourly and blended (part hourly, part contingent fee) fee arrangements, the firm was founded with the goal of providing contingency fee patent litigation services to clients who otherwise would not be able to assert their rights due to lack of funding. Many of our clients are individual inventors or small businesses who could otherwise not afford the increasingly burdensome cost of patent litigation.
Goldsten & Lipski's contingent-fee clients are able to select between several options. Some choose to pay some or all of the out-of-pocket costs during the course of the litigation in exchange for keeping a larger percentage of the recovery after the conclusion of the case. Others pay no fees at all until the case concludes, either by out-of-court settlement or by a court judgment. Contingent fee clients are never billed for the attorneys' time on an hourly basis and if we are unable to recover damages for the client, we do not receive payment.
At Goldsten & Lipski PLLC, we work in partnership with our clients to ensure the best result possible under the law.
What is the benefit of retaining a contingency fee patent litigation attorney?
If you lack the immediate financial resources to file and pursue a Patent infringement lawsuit, our firm may be able to help you enforce your Patent rights, in court, in exchange for a fee that is paid only if and when you receive money. This arrangement is often referred to as a "contingent fee" or a "contingency fee" legal services agreement.
Contingency fee patent litigation attorneys offer small businesses and inventors the means to protect their valuable intellectual property without requiring large cash reserves.
Our experienced, hard hitting contingency fee patent litigation lawyers vigorously pursue the enforcement of your patent law rights, through negotiations, licensing efforts and litigation when necessary.
Your patent may be your or your company's most valuable asset. But if your patent or patent portfolio is being infringed with no compensation being paid to you for the use of your invention, you are faced with the choice of either hiring an attorney to enforce your Patent rights, or simply allowing others to take your intellectual property.
Sound like a familiar dilemma? Patent infringement lawsuits are costly and time consuming. Patent cases often cost hundreds of thousands of dollars in out of pocket case expenses and court costs, and millions of dollars in attorney fees. If you are a large, established company with a good cash flow and corporate counsel readily available to you, the investment in legal fees is an accepted cost of business and often well worth it. But if you are short on cash or liquid assets, retaining a contingency fee patent litigation lawyer is often the only way that you, a small business owner or independent inventor, can enforce your patent rights.
Our experienced patent litigators will vigorously pursue the enforcement of your intellectual property rights, through negotiations, licensing efforts, a lawsuit, and a trial when necessary. If we are unable to obtain a recovery for you, then you owe us nothing. If we are successful in obtaining money for you, then we receive a portion of that money. Our fee is contingent upon your success, so our venture with you is bound by our common interests.
We also offer counseling and litigation services on an hourly basis if you prefer, and on a combination hourly-fee / contingent-fee basis. We respect your preference and are always willing to discuss a variety of fee arrangements to suit you and your company's particular needs. We will discuss with you the nature of your patent and the infringing products or services, and if it appears that your patent is being infringed, we are flexible and can work closely with you to reach an arrangement that will allow you to protect your property rights.
If you choose a contingent fee arrangement instead of an hourly fee payment, we offer you the choice of a full contingency arrangement where we not only advance all of the attorney and paralegal services, but we also advance all of the court costs and litigation expenses needed to pursue your claims. We also offer you the option of paying some or all of the court costs and litigation expenses in exchange for a smaller contingency fee percentage paid to us. Each client, each case, and each fee arrangement is unique and if your patent is being infringed, we can find a solution for you.