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Ipglossary.com is a practical glossary for managers, executives and technologists as well as lawyers working in IP in an international environment. The glossary provides practical explanations of key legal and business terms in a large number of technology related fields including intellectual property, licensing, venture capital, corporate and securities law, antitrust and competition law, and of course terms relevant to technology, in general. Read more
A patent or intellectual property liability situation that most frequently arises in the context of non-infringement warranties or indemnities, where numerous customers have received such rights in a standard contract or license agreement. If the warrantor loses any infringement litigation, even with respect to a small part of its sales to a single customer, all of its sales may be subject to a damages claim for infringement. Thus losing even a small case can result in massive liability.