Trademark Litigation Budget

A Trademark Litigation Budget is a financial plan that estimates the costs and expenses of pursuing or defending a trademark infringement lawsuit. The budget typically includes items such as attorney’s fees, court costs, expert witness fees, discovery expenses, travel and lodging, and potential damages or settlement payments. Trademark litigation can be expensive, with costs often exceeding six figures for complex or prolonged cases. A litigation budget can help parties to assess the feasibility and cost-effectiveness of litigation, to allocate resources and set priorities, and to make informed decisions about settlement or trial. It can also help to avoid surprises or overruns and to communicate expectations to clients or stakeholders. However, litigation budgets are often estimates and may need to be revised as the case progresses and new developments arise.