Jul 07

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House passes patent changes without altering damages in litigation

On June 23, 2011, the House of Representatives approved the renamed Leahy–Smith America Invents Act (H.R. 1249) by a bipartisan vote of 304-117. In March, the Senate passed S. 23, “The America Invents Act,” with larger bipartisan approval. Although there are differences between the House and Senate versions, I suspect that these differences will be addressed. If these various proposals become law, the U.S. will have instituted the first major overhaul of the patent system in decades.

Our firm regularly prepares damages analysis in patent cases. Earlier proposals to regulate damages and other litigation-related proposals have been omitted in both the Senate and House versions, primarily because these subjects are being addressed by the courts. For examples of these recent Court cases, see the articles The 25% Rule is Dead, ResQNet vs. Lansa.

About the author

David Nolte

I am a founding principal of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA) and an Accredited Senior Appraiser (ASA), as well as having other professional credentials. I regularly serve as an expert witness involving damages measurement. My litigation-oriented resume is on Fulcrum's website.

Permanent link to this article: http://betweenthenumbers.net/2011/07/house-passes-patent-changes-without-altering-damages-in-litigation/

1 comment

  1. Jared

    A patent is referred to a set of rights granted to an individual or business by the state that gives them public disclosure of a new invention for a specific amount of time. This grant does not actually give the holder the exclusive right to practice the invention, but simply the right to preclude other outside parties from using or imitating it. Patent Litigation is a controversy or disagreement between two independent parties regarding a dispute of intellectual or physical property.

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