Commercial Law – General Regulatory Provisions

CHAPTER 6-41.1
Patent Infringement

SECTION 6-41.1-5

§ 6-41.1-5. 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 § 6-41.1-6(b), 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 five hundred thousand dollars ($500,000). 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.

History of Section.
(P.L. 2016, ch. 74, § 1; P.L. 2016, ch. 76, § 1.)