Category Finance

TPP Strengthens Controversial IP Arbitration

The US government has been less than candid about the Trans-Pacific Partnership. While the agreement was being negotiated, the US Trade Representative stated that a much-criticized arbitration process included in the TPP would not apply to intellectual property. Turns out, it does apply to IP. And it provides foreign corporations with a huge advantage in IP disputes – private arbitrations that can override courts and statutes, effectively rewriting a nation’s IP laws.

Russia Reform Of National IP Industry: Royalty Scheme And A New Mega-Regulator

Authors will receive more for their inventions in Russia, as the local government has changed a scheme on the distribution of authors’ royalties. In addition, the government is setting up a new body to draw together the two dozen agencies that deal with aspects of the intellectual property system.

Is The Internet Of Things (IoT) Really New Or Simply Recycled?

There is a lot of hype around the Internet of Things (IoT) yet many, if not most, are confused by what IoT really is and what it means for their IP and their business. In fact, some people claim that the IoT is simply a matter of applying existing technology to new applications. Many companies new to the IoT market may have strong and expansive portfolio positions for assertion. This makes it difficult at best to discern whether or not IoT inventions are really new or just recycled technology. If you are a new player in the IoT market, you most likely will be filing patent applications for new innovations; however, since IoT is being built on established technology, you need to be aware that there are hundreds of technology companies that may already own the seminal foundation patents.

New Industry Coalition To Promote Fair Standards In Licensing

A group of companies launched the Fair Standards Alliance this week in Brussels, aimed at ensuring licensing of standard-essential patents is done on fair, reasonable and non-discriminatory (FRAND) terms. This reflects an industry trend toward clarifying the meaning of FRAND to help boost use of patents included in standards.

WIPO Innovation Panel: Low Economic Growth Not The ‘New Normal’ For Long

Consensus emerged among a panel of top economists last week at the World Intellectual Property Organization that as economies become increasingly intangible they are more susceptible to repercussions on growth caused by a financial crisis. Yet the shift towards a knowledge economy brings with it promise of increased economic growth in the long term, they said.

WHO Director Questions IP Rights, Drug Prices, Industry Influence

Saying she could speak more freely outside of the World Health Organization, WHO Director General Margaret Chan today told a gathering of think tank representatives at the Graduate Institute of Geneva that intellectual property rights may be unfairly driving up drug prices and that industry lobbying may be interfering with governments' efforts to take action on behalf of their citizens' public health.