Stop Copyists From Undercutting Your Innovation - Foley & Lardner ...
Stop Copyists From Undercutting Your Innovation - Foley & Lardner ...
Stop Copyists From Undercutting Your Innovation - Foley & Lardner ...
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Chint - China’s IP Wisdom?<br />
(cont.)<br />
In 2009<br />
– China’s top 10 home appliance (TV) manufacturers<br />
retained <strong>Foley</strong> & <strong>Lardner</strong> and Scihead as preferred<br />
legal service providers to represent them in<br />
international and domestic IP matters.<br />
©2009 <strong>Foley</strong> & <strong>Lardner</strong> LLP<br />
Damages<br />
Medium damage awarded is ~15% of the IP<br />
owner’s damage claim 1<br />
Damage claims made by IP owners are already<br />
low compared to the US and compared to the<br />
degree of harm caused 1<br />
Statutory damages that can be awarded by a<br />
court has been increased from 500K RMB to 1M<br />
RMB (~$146K)<br />
1 “Intellectual Property Rights Protection in China: Trends in Litigation and Economic Damages,” NERA,<br />
http://www.nera.com/Publication.asp?p_ID=3693 Last accessed Oct 6, 2009<br />
©2009 <strong>Foley</strong> & <strong>Lardner</strong> LLP<br />
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42<br />
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