News
Small N.C. Manufacturer in Patent Suit Urges Congress to Preserve IPR
As the owner and founder of Queen Tackle, a small North Carolina fishing tackle business I run with my son, we help contribute to the $2 trillion American manufacturing industry. But as a small business, we’re also acutely aware of our bottom line.
Read More: insidesources.com
IPRs Save $2.3 Billion in Legal Fees in First Five Years
By providing a more efficient system for assessing validity of US Patents. Patent Progress reports the significant savings on litigation costs on the occasion of the fifth anniversary of the first filing of an inter partes review.
Read More: patentprogress.org
Patent Examiners Have an Average of Only 19 Hours to Review a Patent Application
That includes reading the application, understanding the background technology, looking for examples of prior art, describing how the prior art anticipates the claims or renders them obvious, and communicating with the patent applicant about their application. Patent Progress explains that the limited time patent examiners have with patent applications affects patent quality. https://www.patentprogress.org/2018/03/06/granted-19-hours/
Read More: patentprogress.org
Inter Partes Review Has Provided Companies a Relatively Inexpensive Avenue to Challenge Questionable Patents
IPR has had material benefits for American companies that “no longer have to pay ransom so the threat of lawsuits over dubious royalty payments—filed by aggressive litigants known as trolls—will go away.” A New York Times article written in anticipation of a Supreme Court case considering the constitutionality of inter partes review explains the benefits of the procedure. (The Supreme Court held that IPR is constitutional).
Read More: NYTimes.com