Develops mobile apps based on voice technology

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Reference no: EM131807155

Scenario:

Chris owns a small software firm that develops mobile apps based on voice technology. His apps are getting recognized in the App store through positive reviews for its unique features (that are patented).

However another major software vendor "KillerApp" is coming up with a new release of its mobile app that has stolen Chris's idea.

KillerApp has a $1 billion revenue and a huge marketing team to capture the market that Chris is targeting. Chris has sued KillerApp for patent infringement.

Logic:

The attorney fees and other expenses of the trial will be $1 million, only if he wins the case. Chris has a 60% chance of winning the case and will receive $5 million as damages.

If he loses he will not even get a penny. Additionally, if he loses there is a 50 % chance that he will have to pay for the court expenses and attorney fees ($1 million) for KillerApp. The software giant has offered Chris, $ 1.5 million out of court settlement.

What should Chris do?

Construct a decision tree diagram based on the above problem. Indicate the various decision points and actions.

Reference no: EM131807155

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