Ind. Code § 24-11-4-1
Posting bond
Indiana · Indiana Code Title 24 — Trade Regulation · Status: effective
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- Citation
- Ind. Code § 24-11-4-1, Posting bond, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1655596
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Full text
Sec. 1.
(a) Subject to subsection (c), 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 article, the court shall require the person to post a bond in an amount equal to a good faith estimate of the target's costs to litigate the claim and amounts reasonably likely to be recovered under IC 24-11-5, conditioned upon payment of any amounts finally determined to be due to the target.
(b) A hearing shall be held upon the request of either party.
(c) A bond ordered under this section may not exceed two hundred fifty thousand dollars ($250,000).
(d) The court may waive the bond requirement if the court finds the person has available assets equal to the amount of the proposed bond or for other good cause shown.