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« on: January 03, 2012, 11:50:00 AM »
To be safe, I have been advising people to use the date of the first letter they received from Getty as the start date for the SOL (short for statute of limitation or when Getty will be s**t out of luck in trying to collect on its claim). While it is obvious that they have discovered the infringement at some point prior to the issuance of the letter, the letter date is the date by which even they cannot dispute the clock began to run. As far as the issue of whether Getty would be able to even release you from any future claims if they don't have standing, the answer is they would not be able to do so. What happens in IP lawsuits is that the settlement agreement includes representations that the plaintiff has the exclusive right and then the plaintiff also agrees to indemnify and hold the defendant harmless should someone else come along and sue the defendant after he has settled with the plaintiff. This is standard language and Getty will likely agree to it should you decide to settle with them.. If they don't agree, don't settle.