Thursday March 05, 2009
US lawmakers attempt new patent curbs
Robert McMillan
IDG News Service
US lawmakers have reintroduced legislation that would mark the first major overhaul of US patent law in more than 50 years.
The legislation, introduced in the US Senate on Tuesday, is very similar to the Patent Reform Act of 2007, which died on the Senate floor last year. If passed, the 2009 version would change the way the US Patent and Trademark Office works, bring US patent law in line with global laws, and introduce so-called "reasonable royalty" provisions, which change the way damages are calculated and would reduce the likelihood of massive payouts for some patent holders.
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