Representing an updated and expanded version of Senator Coons’ STRONG Patents Act of 2015, the STRONGER Patents Act takes critical steps to improve the patent system. It treats patents like any other property, permitting injunctions to protect patent owners against infringement during and after court cases. It ensures fairness in Patent Office administrative proceedings, limiting repetitive and harassing challenges against inventors.
Sen. Chris Coons (D-Del.) is introducing legislation aimed at making it easier and cheaper for patent holders to enforce their patents. The bill is based on legislation Coons introduced last year, which aimed at making patent proceedings "more fair and efficient," according to a statement from his office.
The U.S. Supreme Court agreed on Monday to decide whether a federal administrative process frequently used by technology companies to ward off patent infringement lawsuits violates the constitutional rights of patent owners.
U.S. Patent Office Director Michelle Lee resigned on Tuesday, a White House official confirmed. Lee stepping down concludes a long saga of ambiguity over the leadership of the Patent and Trademark Office.
In the last week, the U.S. Supreme Court issued two important rulings limiting patent rights. The decisions, which were both unanimous, significantly scaled back the ability of patent holders to slow innovation by competitors, tipping scales that many legal scholars believe have become badly imbalanced.
One of the primary justifications we hear for why patents are social goods is that they encourage innovation. Specifically, the argument goes, patents incentivize companies and individuals to invest in costly research and development that they would not otherwise invest in because they know they will be able to later charge supracompetitive prices and recoup the costs of that development.
“Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy.” Thus reads the start of the executive summary for the 2016 update to the Intellectual Property and the U.S. Economy...
Every April 26, we celebrate World Intellectual Property Day to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity. This year, we’ll explore how innovation is making our lives healthier, safer, and more comfortable, turning problems into progress.
Unfortunately, recent data shows that we are losing ground when it comes to the protection of IP and patents - consequently, we are falling behind in the innovation race. While China has long been seen as a nation which does not respect Intellectual Property and where piracy has been rampant, it appears they may have seen the error of their ways and are increasing their patent protections as we have started to undermine ours.