Patent Recap Twitter Wins Patent Trial Over Virtual Internet Community Twitter Inc., the biggest U.S. microblogging service, won a trial in which closely held VS Technologies LLC alleged infringement of a patent for building virtual communities. On October 31, 2011, a federal jury in Norfolk, Virginia, cleared Twitter of charges brought against it by VS Technologies LLC (“VS”) for allegedly infringing on VS’s patent for a “Method and System for creating an interactive virtual community of famous people” (patent number 6,408,309), which it obtained in […]Read more ›
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My earlier posts have elucidated the value of an audit for improving financial value, uncovering IP, establishing mechanisms and putting IP in order. As you can see, an audit has a variety of benefits and is performed for different purposes. One of the important purposes for which audits are performed is licensing. IP Licensing includes a set of transactions that require IP verification, due diligence, positioning, grouping and documentation, which can be accomplished through an audit. An audit facilitates a licensing transaction by helping a […]Read more ›