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11-20-2002

I am new to the business and certainly didn't count on this patent thing. My cousin is a patent lawyer in NY and took a quick look for me. He thinks these patents may be a REAL PROBLEM! The have an early filing date and are broad. He spent about 5 hours which at $400/hour would have cost me $2000!

According to him, he would have to spend 20 to 30 hours to get more info. He says the average patent case can cost $2 million to go to trial. If we lose, we may have to pay triple damages since we have been put on notice.

For me, it makes more sense to pay these MF's and move on. Hope his helps.

11-20-2002	#21
Chip Guest Posts: n/a	I am new to the business and certainly didn't count on this patent thing. My cousin is a patent lawyer in NY and took a quick look for me. He thinks these patents may be a REAL PROBLEM! The have an early filing date and are broad. He spent about 5 hours which at $400/hour would have cost me $2000! According to him, he would have to spend 20 to 30 hours to get more info. He says the average patent case can cost $2 million to go to trial. If we lose, we may have to pay triple damages since we have been put on notice. For me, it makes more sense to pay these MF's and move on. Hope his helps.