PatentFairness: Fototime
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Started by: zoobabzoobab
Date: 04 Jun 2009 13:28
Number of posts: 1
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All of our hard work and dreams were almost ruined in the summer of 2008, when we were sued for alleged patent violations by a company called FotoMedia. We felt strongly that we were not in violation of any of the patents owned by FotoMedia; however, a small company like FotoTime has very limited resources and time for litigating patent disputes. In our estimation, patent litigation would have cost between $5 and $10 million. In addition, litigating these allegations would have probably taken 1 to 2 years. As a small business, we could afford neither the dollar cost of the litigation nor the cost in manpower to fight it.
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