Dec. 10 at 1:15 AM
$HDVY
1. Lump Sum Judgment:
Definition: A lump sum judgment is a one-time, fixed payment awarded to the patent holder for the infringement of their patent. This amount is typically calculated to cover the total damages for past and future use of the patented invention.
Characteristics:
The payment is made in a single, lump-sum amount.
It is often based on a negotiated or determined value that reflects the total compensation the patent holder is entitled to for the infringement.
This payment is intended to compensate the patent holder for both the economic harm caused by the infringement and for future use of the patent.
Once paid, no further payments are required.
Example: If a court awards
$5 million as a lump sum judgment, the infringer would pay that amount to the patent holder in a single transaction, covering the infringement period.
2. Running Royalty:
Definition: A running royalty involves periodic payments (often based on sales or revenues generated from the use of the patented tech.
