North Carolina § 75-144 - Bond.

§ 75-144. 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 fees and costs to litigate the claim and amounts reasonably likely to be recovered under G.S. 75-145, 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 of subsection (a) of this section if it finds the person has available assets equal to the amount of the proposed bond or for other good cause shown. If the person asserting patent infringement fails within 30 days to pay any fee or cost ordered by a court in a matter related to the asserted patent infringement, the amount not paid shall be paid out of the bond posted under subsection (a) of this section without affecting the obligation of the person asserting patent infringement to pay any remainder of those fees or costs not paid out of the bond. History (2014-110, s. 2.1.) Editor's Note. - Session Laws 2014-110, s. 2.1, enacted this section as G.S. 75-140. The section has been renumbered as G.S. 75-144 at the direction of the Revisor of Statutes. The reference in subsection (a) to "G.S. 75-141" was changed to "G.S. 75-145" at the direction of the Revisor of Statutes to conform to the renumbering of that section by the Revisor. Session Laws 2014-110, s. 5.1 is a severability clause.