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South Dakota
Key Economic Indicators 
Item  Rate 
CPI: 0.1% (Jul 2017) 
GDP Growth:   2.6% (2ndQTR 2017)
Bank Prime Interest Rate:   4.25%
Consumer Confidence:  121.1% (Jul 2017) 
Small Biz Confidence:  105.2% (Jul 2017) 
Avg Gas Price:  $2.35 











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According to the U.S. Patent and Trademark Office “Patent infringement is the act of making, using, selling, or offering to sell a patented invention, or importing into the United States a product covered by a claim of a patent without the permission of the patent owner.”



Patent infringements could have a negative impact on your small business.  It is important to stop others from infringing on your patent.  If you suspect that others have infringe on your trademark take the following steps:


Substantiate the violation:  Get a picture of every place where the violation is displayed.  For example, screenshots of websites, marketing materials, product displays, etc.


Negotiate:  Attempt to negotiate with the violator.  Attempt to deal with them on a person-to-person basis. 


Cease and Desist Letter:  If negotations don’t work out place the violator on notice to stop using the name or logo by issuing a cease and desist letter that is drafted by a Patent attorney.


Sue or Not Sue:  If you consider goin to court consider that doing so could be very expensive.  Additionally, if you don’t win you’re still incur the court cost.  If you do win, the amount awarded to you may not be worth the cost of bringing the case in the first place, and it could be difficult to actually enforce the order to get the defendant to pay up.


Out Compete Them:  If no other approach work to stop someone from violating your trademark, one option you can use is to out compete them.  This will ultimately force them to close up shop.  Educate your consumer base about the infringement.  Demonstrate the superiority of your product versus the knock off.  Let the consumer know that they’re getting a better product if they buy yours, even though it may cost a little more.
















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