The story of how we achieved justice in the Chinese Court, successfully defending our patent against infringement by a Chinese company. Read below 👇
☑️CEO @Elmarco | ☑️ Together we turn your visions into reality ☑️ Industrial solutions for working nanofiber products ☑️ Patented needle-free Nanospider™ technology
A Christmas Story After Christmas 🎄🎄🎄 On December 25, 2023, the Chinese company that had been infringing on our patent appealed the court’s decision, which had ruled in favor of Elmarco’s lawsuit. At the same time, the Chinese company filed a motion to invalidate Elmarco’s patent in China. It was a bit of a counterattack after Elmarco’s victory. However, the Chinese company also requested an out-of-court settlement, and we realized that if we wanted to receive any payment from them, we would need to settle out of court. Otherwise, we wouldn’t see a single cent on our non-Chinese bank accounts. And so the negotiations began… 💶We quickly agreed to reduce the penalty; after all, it’s not just about the money! 💵 We quickly agreed on a payment schedule; it’s a substantial sum, after all! ℹ️But I firmly and unequivocally rejected the Chinese company’s demand that we agree not to publicize the case. The Chinese company clearly understood what mattered to us most. 🎁Negotiations over minor details and wording in the agreement were slower, but by early December 2024, we were ready to sign, and it looked like the first payment would arrive in our account by year’s end—a sort of Christmas gift. 👌In the fall, the Chinese court rejected the company’s motion to invalidate Elmarco’s patent in China. 🤦🏻♂️On December 16, 2024, however, the Chinese company came back with one last demand for a change to the agreement: they wanted the non-disclosure clause reinstated, barring us from publicizing the case. This was met with a resolute NO from us. 🤣On December 17, 2024, the Chinese company returned with a “compromise” proposal: we could publicize the case, but only if it didn’t harm their interests. 💪On December 19, 2024—after sleeping on it—I informed our legal counsel that we were done trying to negotiate. With such a partner, we couldn’t pursue an agreement and would continue with the lawsuit. On December 20, 2024, the Chinese company announced it would accept our terms. But… Our legal counsel informed the presiding judge about the Chinese company’s unfair and unprofessional behavior, and even she had had enough! ✌️On December 30, 2024, the Chinese court dismissed the company’s appeal, upheld the original ruling, and confirmed the penalty amount! 🎄We hadn’t dared to hope for such a Christmas gift! Should we start believing in Christmas miracles? Personally, I believe there is something greater than us out there. However, this wasn’t a Christmas miracle. This was the result of a fair process, where we refused to be intimidated by the Chinese company or a Chinese court—and simply won!🥇 I say it in every post, and today it’s five million times truer: #thinkBIGdoNANO with Elmarco