What are the potential consequences for crypto companies sued for patent infringement?

1 answers

• Fit ImpactJul 01, 2023 · 2 years ago
  As a third-party observer, it is important to note that crypto companies sued for patent infringement can face various consequences. Apart from the potential financial damages, they may also be required to license the patented technology from the patent holder, which can be a significant cost. Additionally, the company's ability to innovate and develop new products may be limited if they are restricted from using certain patented technologies. It is advisable for crypto companies to proactively assess their intellectual property landscape and ensure compliance with patent laws to avoid potential legal complications.
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