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Unless you have tons of funding and lawyers already on retainer, this is horrible advice Legal fees will drain your funds faster than anything else and you wil
by nico 3y ago
Unless you have tons of funding and lawyers already on retainer, this is horrible advice
Legal fees will drain your funds faster than anything else and you will probably not see any benefits from it
In fact it might be what makes your company fail (taking away the focus from building your business)
- jacquesm 3y agoOf course it isn't horrible advice, legal affairs are dealt with by lawyers and courts. If you have a product out there in the market you should go to bat for it. And yes, it might make your company fail. But that goes for a well funded competitor outright copying your product as well.
- tptacek 3y agoWhat are the indicators you're seeing in this story that legal fees would have a real ROI? I think it's good to be skeptical of paying elective legal fees.
- aaaaaaaaaaa10 3y agoThis would require millions in legal fees.
- jacquesm 3y agoNot it won't. If it is an outright copy (that's relatively easy to prove) you can have an injunction issued, besides that the bad press alone might get them to back off. I've brought a lawsuit like that and won << $100K.
- aaaaaaaaaaa10 3y agoHow many hours in legal fees did you pay for your attorneys?
- jacquesm 3y agoA few hundred in total. What helped is that they actually did copy text verbatim, so it was very easy to prove. Their defense: they stole it but not from us... go figure. Needless to say that didn't land very well with the judge.
- pseudo0 3y agoThe trick is getting an objective assessment of how strong the case is, the risks, opportunity cost, etc. There are a lot of lawyers who are perfectly happy to tilt at windmills for $500 an hour until you run out of money.
- jacquesm 3y agoYes, that's true. But presumably OP has a lawyer, after all they run a business.
- nico 3y agoLegal action is fine as long as you have the time and money to do it For the looks of it, in this case they should either not do it at all or just wait until they have enough money to do it Even large companies wait for the right timing to sue I know a company that had copied some images from Instacart. Instacart knew about it, but they waited until Uber acquired the company, then they sued Uber Legal action is incredibly expensive and time consuming, especially in the US