A patent lawsuit involving TiVo Inc and other businesses including Motorola Mobility, recently settled just days before the case was set to go to trial. As a part of the settlement TiVo will receive $490 million. The amount reached in the settlement was a surprise to many who believed that the amount would be much higher. One analyst previously indicated that he thought the settlement would be somewhere in the neighborhood of $1.7 billion.
Most business owners understand that they must patent, copyright and/or trademark important intellectual property related to the functioning of their businesses. However, the interest of intellectual property holders is not always protected simply by the act of patenting, trademarking or copyrighting work domestically. In particular, small businesses are increasingly targeted for intellectual property theft, precisely because many small businesses believe that they do not have the resources to properly protect their intellectual property or enforce their rights.