Currently in the news are several companies that are buying and selling patent portfolios. The proposition sounds attractive at face value. One company has underutilized patent assets. Another company, like Google, is a growing business, a lightning rod for patent infringement litigation, and owns only a small patent portfolio from which to select negotiating chips. But the reality is that the best, most valuable patents are those that cover commercial products, and those patents are being used by...
There has been much interest—and misunderstanding—concerning the patent reform bills wending their way through Congress. On June 23, the U.S. House of Representatives passed The Leahy-Smith America Invents Act, H.R. 1249, by a 304-117 vote. The vote follows the U.S. Senate's March 95-5 vote for S. 23, but the bills must be reconciled before becoming law. Both bills would change the U.S. patent system from a first-to-invent (FTI) system into a first-inventor-to-file (FITF) system. Misapprehension centers around that change.
WIPO has recently distributed a warning about the increase in misleading payment notifications being sent to applicants and inventors in relation to PCT applications...
The Washington Post has come out against patent reform in a poorly vetted editorial published June 12, 2012. A glaring error in the Post editorial is the statement that there is an 18 month grace period currently. Under U.S. law, the grace period actually is one year. Moreover, there will be no change in the grace period under any of the leading proposals for patent reform. Contrary to the Post commentator's opinion...
Rich Beem reports on the U.S. Supreme Court's ruling in Microsoft v. i4i, No. 10-290, 564 U.S. __ (2011) (Sotomayor, J.), that clear and convincing evidence is required to invalidate a patent. The Supreme Court affirmed the Federal Circuit's decision below and reaffirmed a long line of precedent beginning with the Supreme Court's own holding in RCA v. Radio Engineering, 293 U.S 1 (1934) and continuing through 30 years of Federal Circuit decisions. Beem addresses the question: