§4198. Bond

Link to law: http://legislature.vermont.gov/statutes/section/09/120/04198
Published: 2015

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Title

09

:
Commerce and Trade






Chapter

120

:
BAD FAITH ASSERTIONS OF PATENT INFRINGEMENT











 

§

4198. Bond

Upon motion by a

target and a finding by the court that a target has established a reasonable

likelihood that a person has made a bad faith assertion of patent infringement

in violation of this chapter, the court shall require the person to post a bond

in an amount equal to a good faith estimate of the target's costs to litigate

the claim and amounts reasonably likely to be recovered under subsection

4199(b) of this chapter, conditioned upon payment of any amounts finally

determined to be due to the target. A hearing shall be held if either party so

requests. A bond ordered pursuant to this section shall not exceed $250,000.00.

The court may waive the bond requirement if it finds the person has available

assets equal to the amount of the proposed bond or for other good cause shown.

(Added 2013, No. 44, § 6; 2013, No. 47, § 2, eff. May 24, 2013.)
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