In today's age of strong patent rights, enhanced visibility and budgetary clout are the norm for intellectual property professionals ' and are generally regarded as good things. With the creation of the U.S.
Patent Cross-Licenses: A Financial Asset Hedge
In today's age of strong patent rights, enhanced visibility and budgetary clout are the norm for intellectual property professionals — and are generally regarded as good things. With the creation of the U.S. Court of Appeals for the Federal Circuit ("CAFC") in 1982, we have seen a number of distinct pro-patent trends. These have included a robust presumption of patent validity, higher damage awards for acts of infringement, more flexible approval standards introduced by the PTO, and an increasingly granted right on the part of patent holders to seek injunctive relief to stop the production of infringing products. Prior to the creation of the unitary CAFC, patent rights were less certain to be enforced through either the award of high monetary damages or sweeping injunctive relief.
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