7.24.2007

Forex News Update - Senate panel approves patent reform bill

Forex News Update - Senate panel approves patent reform bill: "Both the House and Senate proposals would increase the information available to patent examiners and set up a process to re-evaluate patents after they are granted. Supporters argue such post-grant reviews would help weed out patents for minor innovations and overly broad patents by allowing companies to challenge them without having to go through lengthy litigation.

The bills also seek to reduce the incentives for litigation by making it harder for a patent holder to show that another company has willfully infringed its patents, which can entitle the patent holder to triple damages."