Sunday, September 9, 2007

Patent news

I refer my patent work out but still I thnk anyone practicing business law needs to know something about patents. If the computer revolution taught us anything, it is the importance of intellectual property for businesses.

Yesterday, The Washington Post published House Approves Comprehensive Patent Overhaul. Reforming patent law can only be described as tricky but bill does have bipartisan support but does not mean the bill lacks enemies:

Because much of the bill is perceived to be favorable to targets of patent-infringement suits rather than patent holders, it has attracted passionate support from big technology companies, which are usually the defendants in such suits, and criticism from drug manufacturers and small inventors, who are typically plaintiffs.

Now the bill goes to the Senate.