Legal

5 Reasons Your Company Needs a Patent Strategy

The patent system has gotten a pretty poor reputation of late, especially among businesses that have been targeted by patent trolls hoping to extort a quick settlement from them. But CEOs and other senior executives should remember that even if the occasional troll can game the system to extort an innocent business, patents themselves—and a strategy for how to employ them to achieve critical business objectives—are often essential to a company’s success.

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Why Patent Trolls Could Be an Increasing Threat to Your Company

John Chambers and Myron Ullman, CEOs of Intel and JCPenney, raised eyebrows recently by co-writing a Wall Street Journal op-ed piece in which they called for Congress to approve legislation that would “break the business model” of “patent-assertion firms,” otherwise known as patent trolls, which collectively cost the two companies more than one-third of a billion dollars in legal expenses over the last five years.

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The Perils of Regulatory Overreach

Since the 1980s, creeping precedent has allowed federal agencies to amass considerable regulatory and enforcement power. Undaunted by recent defeats in the courts, the SEC wants to become both judge and jury. But one small cap hedge fund managed to stop them in their tracks.

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What SMEs Can Do When Patent Trolls Come Calling

From Main Street, USA to the Halls of Congress, ordinary citizens are up in arms over the patent trolls who send form letters to hundreds or even thousands of random small businesses, claiming with little or no evidence that they are ‘infringing’ on the troll’s patents. Here's what to do if you get one of these letters.

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