What one needs to do is to assess the amount of damages that may be awarded because lawsuits can be expensive.
Copyright infringement occurs when a copyrighted work is reproduced, distributed, performed, publicly displayed, or made into a derivative work without the permission of the copyright owner.
Trademark infringement is the unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services.
Patent infringement is the commission of a prohibited act with respect to a patented invention without permission from the patent holder.
Wil discusses the need to understand how a product functions and works and solves problems. That deep dive into the inner workings of a product is the only proper method to draft a patent and understand who may be infringing on that patent.
Counterfeiting is the act of creating a fake. Counterfeit products are fakes or unauthorized replicas of the real product – especially in relation to the trademark and use of the exact, same trademark.
Wil and Anthony also talk about monitoring intellectual property.
Wil Jacques: https://www.linkedin.com/in/wiljacques/
Anthony Verna: https://www.linkedin.com/in/anthonyverna/