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Explore the debate between strict liability and negligence in cases of accidental patent infringement. Analyze the cost of precaution in relation to the probability of accidents and losses, examining how the level of care taken affects the outcome.
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Patrick Goold City University Accidental Infringement
Strict Liability or Negligence?
Strict Liability or Negligence?
Cost of Precaution (B) = Probability of Accident (P) x Loss (L) • B> PL = Take less care • B < PL = Take more care