Patent Reform Law Contains Key Provision Which Benefits Banking Community

more+
less-

The major provision of the Act that has significant impact for financial institutions is Section 18, which creates a post-grant review procedure within the United States Patent and Trademark Office (“USPTO”) for certain business method patents, known as “Transitional Review.” The Transitional Review is intended for “post-grant” review of patents, which means it provides a tool for banks that have been sued in a patent infringement lawsuit to challenge the patent alleged by the plaintiff to have been infringed.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Antitrust & Trade Regulation Updates, Business Organization Updates, General Business Updates, Intellectual Property Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Evan Pappas, Shumaker Williams, P.C. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »