In this week’s Patent News – India and U.S.A sign MoU to strengthen Intellectual Property Rights; Office of CGPDTM publishes list of new facilitators under SIPP Scheme; MeitY Director observes two-fold increase in the number of IP applications filed by Startups; Illumina moves U.S District Court for preliminary injunction against BGI in a patent infringement suit; Nanoco files patent infringement lawsuit against Samsung and other news updates.
INDIA PATENT NEWS
India and U.S.A sign MoU to strengthen Intellectual Property Rights
Ahead of…
In this week’s Patent News - Citrix and VMware to settle patent dispute; Michelin sues American tire manufacturer for patent infringement of BFGoodrich tread; Hitachi joins WIPO GREEN program as Contributing Partner; Apple, Microsoft, BMW and several others urge EU Commissioner to keep patent trolls in check; WIPO gears up to appoint its 5th Director General; IP5 hold inaugural meeting of joint Task Force on New Emerging Technologies and Artificial Intelligence; IBM joins LOT Network to fight PAE’s; IBM beats…
This post was first published on February 11th, 2014.
We are familiar with Patent Trolling strategies adopted by companies as a means to financial gain and to gain market advantage over competitors. Normally, in such cases, one company would use its portfolio of active patents to sue other companies which seem to infringe on their patent rights. This may trigger a litigation procedure in courts or get settled outside the court, at the expense of a huge amount of money.…
Patent trolls are organizations that aggressively defend patent libraries without manufacturing products of their own, which is why they are often referred to as Non Practicing Entities (NPEs) or Patent Assertion Entities (PAEs). These NPEs hardly contribute to research and development through innovation since they are rarely the original innovators. Moreover, the NPEs own patent libraries by buying inventions and patents cheaply from individual inventors and small entities who are not seeking to enforce them and licence the acquired patent…