Protecting The Patent System For Entrepreneurs
New York Times:
Recently, a number of companies from the information technology and financial services sectors have been pushing Congress to change the patent system.
The companies have been seeking passage of the Patent Reform Act of 2009 (H.R. 1260 and S. 515). So far, the legislation has been introduced in both the House and the Senate, and the Senate Judiciary Committee has reported out the bill.
Among the most important aspects of the proposed legislation are, one, a change in the way damages are calculated that would reduce the amount that a patent holder could collect in the event of infringement and, two, the creation of a mechanism for third-party-initiated administrative review of issued patents. These changes, though they may sound arcane, are not good for entrepreneurs. (Full disclosure: companies opposed to this legislation have financed some of my research.) Full article.
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