Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

NYTGARY LOCKE, the secretary of commerce, has urged Congress to overhaul the nation’s patent law by the end of the year. Although a bill has been circulating since 2005, a fierce fight involving the high-tech and drug industries on a technical issue — how to measure damages when a company violates a patent applying to one component of a larger product — has kept it from reaching a vote.

The best way forward is for Congress to sidestep the damages question and instead add five amendments to existing statutes that would improve the processing of patents, reduce lawsuits and speed up the arrival of innovations on the market.

 

Inventing a Better Patent System