In the Intellectual Property (IP) Wars, a new avenue has opened up. Companies have found new weapon in the form of Patent Trial and Appeal Board, in their battle against Intellectual Property lawsuits.
Why is Patent Trial and Appeal Board so important? – Yes, Patent Trial and Appeal Board (PTAB) is powerful authority that allows a company embroiled in lawsuit to skip the question as to it infringed a patent or not, but fundamentally challenge whether the patent should have been issued in first place. Questioning the fundamental or the premise as to why a patent was issued at the outset undermines the value of IP which should have been in place to begin with. A whole new paradigm is there to analyze and discuss. So, the reason is obvious.
Currently PTAB received over 1,000 requests to challenge patents. About 26 decisions made on these cases, most of them have gone in favor of the patent challengers. This is bound to open a whole new dimension for sure. With time, we will know more of the IP turf wars.
About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.
VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.