Last March, forty economists and law professors submitted a letter to Congress expressing “deep concerns with the many flawed, unreliable, or incomplete studies about the American patent system that have been provided to members of Congress.” These concerns were confirmed again last week when Unified Patents released a report on patent litigation with the same kind of “highly exaggerated claims regarding patent trolls” that the professors were concerned about. Read more
Tag: NPE
The History of Patent Licensing and Secondary Markets in Patents: An Antidote to False Rhetoric
The patent licensing business model is a flashpoint of controversy in the patent policy debates. Individuals and firms that specialize in licensing patented innovation – and companies that purchase patents in order to license them – have come under attack by the President, members of Congress, companies, lobbying groups, and others. Read more
The Nadir of “Patent Troll” Rhetoric
The venerable high-tech company IBM is no more a “patent troll” than any other legitimate company that engages in patent licensing. Yet, according to the very arguments of those who are using this ill-defined and misleading term, the shoe fits. Read more
GAO Report Confirms No “Patent Troll” Litigation Problem
As we previously reported, there are serious concerns with the studies asserting that a “patent litigation explosion” has been caused by patent licensing companies (so-called non-practicing entities (“NPEs”) or “patent trolls”). These seemingly alarming studies (see here and here) have drawn scholarly criticism for their use of proprietary, secret data collected from companies like RPX and Patent Freedom – companies whose business models are predicated on defending against patent licensing companies. Read more
Guest Post by Wayne Sobon: A Line in the Sand on the Calls for New Patent Legislation
On June 9-11, the IP Business Congress sponsored by Intellectual Asset Magazine (IAM) hosted a debate on the resolution: “This house believes that the America Invents Act should be a legislative line in the sand and that no more reform of the US patent system is needed.” Read more
The SHIELD Act: When Bad Economic Studies Make Bad Laws
[Cross-Posted at Truth on the Market on March 15, 2013]
Earlier this month, Representatives Peter DeFazio and Jason Chaffetz picked up the gauntlet from President Obama’s comments on February 14 at a Google-sponsored Internet Q&A on Google+ that “our efforts at patent reform only went about halfway to where we need to go” and that he would like “to see if we can build some additional consensus on smarter patent laws.” Read more
Scratching my Head Over the SHIELD Act
By Michael Risch
[The following is a blog posting by Michael Risch, a patent law scholar at Villanova Law School, that he originally posted on March 10, 2013 at the law professor group blog, Madisonian.net, where Professor Risch regularly blogs. Read more