Making a lot of news lately are high profile patent infringement lawsuits coming out of silicon Valley. Clearly one of the biggest (and what The Wall Street Journal termed “The Patent Trial of the Century) was Apple’s suit against rival Samsung. Though this case made international news what a lot of people don’t recognize is that there are many smaller patent infringement lawsuits active in California at any time. The superfluity of new technologies has led to patent and trademark law becoming a very active and vital part of the California legal universe. Many of these lawsuits take the form of an injunction which is a legal mechanism to one party uses to strop the other from continuing a contested action. When technology patents are involved it generally takes the form of one company filing an injunction to prevent another company from selling a product which they believe contains patented technology i.e. screen functions. With court dockets becoming increasingly full of these types of lawsuits, California judges have shown a greater emphasis on plaintiff’s procuring Injunction Bonds. California Injuction Bond protect the defendant from being wrongfully enjoined, a surety bond covers any damages the defendant may sustain should the court rule the plaintiff’s suit is wrongful. The cost of the bond will vary depending on the amount of the lawsuit and state and local statutes. Of course, many times these case decision will be appealed. To understand that process please see the next article.
Jurisco knows that this information can be intimidated. They have bond professionals on hand to answer and questions you may have and to make you feel more at ease with the process.