{"id":321,"date":"2017-06-24T13:35:57","date_gmt":"2017-06-24T17:35:57","guid":{"rendered":"https:\/\/ipmanagement.harnessip.com\/?p=321"},"modified":"2017-06-24T13:35:57","modified_gmt":"2017-06-24T17:35:57","slug":"the-lit-year","status":"publish","type":"post","link":"https:\/\/ipmanagement.harnessip.com\/?p=321","title":{"rendered":"The Lit-Year"},"content":{"rendered":"

Anyone working in technology is familiar with the light year. \u00a0It is not a measure time, but of distance — the distance that light travels in one year — about 5.9 trillion miles. \u00a0In the world of intellectual property we should define another unit of measure: the lit year. \u00a0A lit year, like a light year, is not a measure of time. \u00a0Rather, the lit year is the typical spend in IP litigation in a year. \u00a0The most recently published AIPLA Economic Survey<\/a>\u00a0reports the median cost of a medium ($2-$10 million) patent infringement case at $2 million. The 2017 PWC Litigation Study<\/a>\u00a0puts the medium time to trial in a patent case at 2.4 years. \u00a0This makes a conservative<\/em> estimate of the lit year at a little over $833,000.<\/p>\n

So what’s the use for the lit year? \u00a0Like its scientific cousin the light year, the lit year is a bench mark that provides perspective. \u00a0For example, a $350,000 IPR might initially sound budget busting, but if you consider that it is only 0.42 lit years — the amount you would spend in about 5 months of litigation — its starts to make sense. \u00a0Similarly, a $20,000 new product clearance may seem like a needless expense but when you consider that this is just 0.024 lit years — \u00a0the amount you spend in about six days of litigation, it sounds like a better idea.<\/p>\n

The lit year is a helpful tool in measuring risk, or more precisely the cost of reducing risk.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Anyone working in technology is familiar with the light year. \u00a0It is not a measure time, but of distance — the distance that light travels in one year — about 5.9 trillion miles. \u00a0In the world of intellectual property we … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,26],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","hentry","category-litigation","category-risk"],"_links":{"self":[{"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=\/wp\/v2\/posts\/321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=321"}],"version-history":[{"count":1,"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=\/wp\/v2\/posts\/321\/revisions"}],"predecessor-version":[{"id":322,"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=\/wp\/v2\/posts\/321\/revisions\/322"}],"wp:attachment":[{"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipmanagement.harnessip.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}