Although many of those urging patent reform in the US say they want to increase competition and innovation, what they are proposing could, in fact, have the very opposite effect.
It is the forensic science that for many companies has played a key role in turning patents into revenue. And now reverse engineering is more sophisticated than it has ever been before.
There are a number of issues that companies would do well to consider before they accept funds from the US government for R&D
Although IP ownership can be hugely beneficial, it does bring with it risks of certain downsides, from assertions by patent trolls through to potential shareholder suits. A recent survey suggests that certain types of insurance could help to mitigate such risks
It has always been important to be sure that the IP you are acquiring is the IP you want. However, the growing number of ways in which rights can now be monetised means that due diligence is more vital than ever before.
Instead of leaving unused and unwanted intellectual property rights to wither on the vine, companies should think carefully about whether they are suitable candidates to provide the launchpad for a corporate spinout
Patent values in the US, as determined by the top 25 litigation awards/settlements, took a tumble in 2006, dropping from US$5.1 million to US$3.1 million.