Eolas Technologies v. Microsoft: A Premium Royalty Base
September 09, 2004
In a hypothetical negotiation, what is the value of a relatively small piece of patented technology when it is integrated as a component of a much larger product? If the patented technology is part of Web browser software that is bundled with an all-encompassing operating system, the answer would appear to be — a lot — at least according to one of the largest patent infringement damage awards in recent years.
Managing IP Value at Risk
September 09, 2004
According to a recent academic overview, American patent holders pay their lawyers $5 billion per year for patent prosecution services and approximately another $2.4 billion for patent litigation (not counting payments of settlements or damages). Besides being good news for the patent bar, this level of investment in patent creation and protection suggests that patents are valuable.
Covering All the Bases: How and Where to Perfect Security Interests in Patents
September 09, 2004
The holder of a security interest in a patent is often faced with the question of where to record its security interest in order to "perfect" it. Yet the law on how to perfect a security interest in a patent remains uncertain even today. While it is generally accepted that patent lien creditors should record their security interest in accordance with Article 9 of the Uniform Commercial Code ("UCC") of the appropriate jurisdiction to perfect and obtain priority over subsequent lien creditors, it remains unclear as to whether UCC perfection alone, or even both UCC perfection and recordation with the Patent and Trademark Office ("PTO"), gives patent lien creditors priority over subsequent assignees of the patent itself.
Top 10 Patent Drafting Mistakes That Can Impact Litigation
September 09, 2004
Discussed below are the second five of the "Top 10 Patent Drafting Mistakes" that drafters often make that can impact the successful enforceability of patents. These mistakes, as with the first five discussed last month, are largely derived from the failure of prosecution counsel to recognize how a patent may be scrutinized and challenged in litigation. Spending the extra time and effort during drafting to avoid these 10 mistakes can drastically increase the odds of a successful outcome.
Claiming Metabolites: Federal Circuit Poses New Challenges to Patent Applicants
September 09, 2004
After they are administered, or taken by the patient, many drugs are converted into other chemical compounds or other physical forms, as the drugs are processed within the body of the patient. Often these compounds, known as metabolites, are the "active ingredient" that is responsible for the desired result, such as lowering blood pressure or cholesterol levels. The Court of Appeals for the Federal Circuit has also long recognized this effect and has held that the ingested form of a drug or its "metabolites" can be patented. Thus, an optimal patent strategy would require an inventor to patent both the pre-ingested form of the drug and its new physical forms or metabolites, as formed in the body ("<i>in vivo</i>"). However, the <i>in vivo</i> fate of the drug may not be learned until long after the "parent" drug has been tested and patented.
Intentional Waiver of Unintentional Misstatements: Contractual Limitations to Insurance Policy Rescission
September 09, 2004
Rescission" is a dirty word that no policyholder wants to hear, especially when one considers the law relating to this potential forfeiture of coverage in many locales. While some jurisdictions require that a policyholder's misrepresentation or omission be both material and intentional, others do not require a showing of intent to support rescission — a negligent or unintentional misrepresentation is enough, as long as it is "material." Given the amount of information typically requested by insurance companies when coverage is purchased or renewed, and the potential for an inadvertent error during the process, even the most careful policyholder must then wonder: Could I forfeit all of my coverage?
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