By C. L. Max Nikias and Gary K. Michelson, M.D.
Intellectual property (IP) industries today generate 38.2 percent of total U.S. GDP, or an astonishing $6.6 trillion in annual output. IP is also responsible, directly and indirectly, for 30 percent of total U.S. employment ….
IBM’s Chief Patent Counsel, Manny Schecter (CIPU board member), looks at the lack of IP education in the U.S.
by Manny Schecter
Have you ever watched an episode of the television show Shark Tank? Contestants attempt to attract investments in their businesses by marketing them to moguls (the “sharks”). Innovation and entrepreneurship are strong themes. Virtually every contestant with a new product is asked about patent protection…
By Marshall Phelps
“Put simply, America’s formula for economic success has always been STARTUPS + PATENTS = JOB CREATION AND ECONOMIC GROWTH.”
EDITORIAL NOTE: What follows is taken from the remarks of Marshall Phelps, delivered at the NAPP annual meeting in San Jose, California.
By Marshall Phelps
There is a widening gap in intellectual property knowledge. Most people do not have a clue what patents and other IP rights achieve, and for whom. This includes the general public and many in government and business.
“Patent troll,” the term employed by leading newspapers, magazines and online publications to describe how some patents are owned and used, provides a prejudicial impression of patent licensing that unfairly influences attitudes towards disputes.
This is among the findings of the research conducted by Illinois Institute of Technology – Chicago-Kent College of Law Professor, Edward Lee. Writing in the Stanford Technology Law Review, Professor Lee says that while “some courts have even barred the use of the term [patent troll] altogether during patent trials on the ground that the term is unfairly prejudicial. But, among the mainstream media, the term is pervasive.”