New IP initiative launched to help improve understanding of IP’s importance to wider economy
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.
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“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.”