SilcoTek, a small innovative technology company, faced challenges when a larger company copied their product. To enforce their patent rights without jeopardizing their core operations, SilcoTek sought third-party litigation funding, which provides financial support for their legal battles. This partnership allows them to focus on innovation instead of diverting resources to litigation. The article highlights the importance of maintaining a fair playing field for small businesses against larger competitors that might engage in "efficient infringement," where they exploit smaller companies' lack of resources to challenge patent violations.
This isn't just about SilcoTek's particular legal issue or even about litigation funding. It's about maintaining a fair playing field for small businesses.
Fortunately, SilcoTek found an equalizer by partnering with a global legal finance and risk management company.
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