We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
comprehensive legal services for businesses

Long-running patent dispute over heart valves finally settled

Businesses often deal in large sums of money, valuable real estate and other significant assets. The larger the firms, the higher the price tags and the greater the risk if anything goes wrong. The Uniform Commercial Code is in place to aid and protect businesses during these transactions. Business owners in New Jersey and New York should be aware of this whenever they engage in a commercial transaction.

Another area covered by the UCC is intellectual property, including patents. It can often be challenging to determine whether a company is profiting from another’s idea and can lead to lengthy disputes. For several years, Medtronic Inc. and Edwards Lifesciences Corp have been at war over patents for technology used in open-heart surgery. Both companies sell implants which employ very similar methods, separating the chest bone in order to reach the heart.

The dispute began when an injunction was issued against Medtronic, after a court determined that the firm had infringed an Edwards’ product, known as Sapien. Finally, Medtronic has agreed to a $750 million settlement and royalties for nearly a decade, which means the firm will be able to continue selling its replacement heart valves, under the name CoreValve. As part of the settlement the two companies have also agreed to put an end to all litigation remaining between them.

Cooperation of this sort is beneficial to all concerned and business owners in New Jersey and New York can certainly learn from it. There are many things to consider when engaging in any form of business transaction and although they are outlined in the UCC, it can be a difficult process to navigate. An attorney can help you to ensure you adhere to the rules and protect yourself from costly business litigation.

Source: Fox Business, “Medtronic Settles Heart Valve Patent Dispute With Edwards,” May 20, 2014

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map

Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network