"Where money issues meet IP rights". This weblog looks at financial issues for intellectual property rights: securitisation and collateral, IP valuation for acquisition and balance sheet purposes, tax and R&D breaks, film and product finance, calculating quantum of damages--anything that happens where IP meets money.
Showing posts with label copyright infringement. Show all posts
Showing posts with label copyright infringement. Show all posts
Wednesday, 1 February 2017
$500 Million Dollar Verdict Against Oculus
Corporate Counsel (John Council with Texas Lawyer) has just announced that a Dallas, Texas jury has awarded $500 million against Facebook owned Oculus to ZeniMax Media in a copyright infringement and trade secret misappropriation case. Interestingly, the article notes that Mark Zuckerberg testified that Facebook only "had just one weekend to conduct a due diligence before completing the deal." I bet that was a very, very busy weekend for some lawyers. Whither "Facebook's" virtual reality technology? It'll be interesting to see how the appeals work out. Please see the article for more information.
Saturday, 30 November 2013
How the Government Can Save Money: Pirate Software
The Washington Post reported that the U.S. Army recently was
sued for copyright infringement by breaching a license agreement for software—which
the U.S. Army apparently did. Okay, so
that is government not at its best. The
silver lining for the U.S. Army is that the copyright owner settled for $50
million--$130 million less than it would have cost the government to license
the software. The silver lining for the copyright owner is
an unexpected check for $50 million and, I would hope, a lot more business. The nice message for the rest of us is that
the U.S. government can hire folks that can create software that works well.
Here is a portion of the complaint:
In March 2009, Apptricity inadvertently learned that the Army
may have been using more Apptricity software than that for which it had
procured licenses. Apptricity employees
attended a PD TIS Strategic Capabilities Planning Meeting held March 3-5, 2009
in Richmond, Virginia, where the U.S. Army Program Director stated that the Army
was deploying thousands of devices with the Apptricity software.
Anyone need an auditor?
Labels:
Apptricity,
audit,
auditor,
copyright infringement,
software license
Wednesday, 9 January 2013
An Interesting Idea: Business Software Alliance Bounty System for Policing and Enforcing IP
The Business Software Alliance wants you! BSA is offering an
End User Reward Program. Basically, if you report “software piracy” to
the BSA, and the BSA investigates and determines piracy exists then you may
receive an award. The BSA defines piracy as: “Unauthorized copying or distribution of
copyrighted software; Purchasing one single copy of software and installing it
on multiple computers; and Copying, downloading, sharing, selling or installing
multiple copies onto personal or business computers is software theft.” If you submit a piracy report to the BSA, your
information is apparently kept confidential.
If you plan to participate, I suggest you read the terms carefully. Here is the data on award fees which is
apparently calculated based on settlement amount:
Reward Payment Guidelines
|
|
Settlement paid by Company
|
Potential Reward payment
|
$15,000 - $100,000
|
Up to $5,000
|
$100,001 - $200,000
|
Up to $10,000
|
$200,001 - $400,000
|
Up to $20,000
|
$400,001 - $600,000
|
Up to $30,000
|
$600,001 - $800,000
|
Up to $40,000
|
$800,001 - $1,000,000
|
Up to $50,000
|
$1,000,001 - $2,000,000
|
Up to $100,000
|
$2,000,001 - $3,000,000
|
Up to $150,000
|
$3,000,001 - $5,000,000
|
Up to $250,000
|
$5,000,001 - $10,000,000
|
Up to $500,000
|
$10,000,001 - $15,000,000
|
Up to $750,000
|
Over $15,000,000
|
Up to $1,000,000
|
Is this a good idea?
Are there other similar programs?
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