Media Coverage
Source: Blockworks
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
08.14.24
In an effort to end ongoing litigation against MakerDAO and Compound Protocol, the DeFi Education Fund purchased a patent from True Return Systems (TRS).
The purchase of the open source blockchain patent resulted in the immediate and voluntary dismissal of the cases. It also raised an intriguing question: ‘When does it makes sense to purchase a patent rather fight it out in litigation?’
Intellectual Property partner Josh Tucker confirmed to Blockworks that, generally—on the patent owner’s side—there is a lot of money that can potentially be won in damages in these kinds of cases, which are typically “incredibly expensive” to litigate.
“It’s really rare to see a patent suit against somebody doing just a few million dollars in revenue,” he said.
Additionally, the balance of power has shifted, which would benefit the projects being targeted by patent infringement suits, Tucker added.
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