What does patent compensation mean?

Patent compensation is the monetary compensation that the injured party demands from the infringer when the patent right of others is infringed. Payment of patent compensation is to make up for the economic losses caused by patent infringement and provide reasonable compensation for the injured party.

There are many ways to calculate patent compensation, mainly based on the actual economic losses caused by the infringer, plus the subjective malice of the infringement and the infringement period. When evaluating the amount of patent compensation, professional evaluation institutions and courts will consider a variety of factors for comprehensive calculation.

Patent compensation is of great significance for protecting intellectual property rights and encouraging innovation. Strengthening the crackdown on patent infringement will help promote social innovation and technological progress. At the same time, the implementation of patent compensation also protects the injured party and helps to safeguard its legitimate rights and interests. Therefore, patent compensation is of great significance for maintaining social fairness and justice and promoting innovation and progress.