New Missouri Law Targets Patent Trolls

Courtesy of Wikimedia Commons
Courtesy of Wikimedia Commons

Legislation signed by Gov. Jay Nixon aims to repel patent trolls, who buy the rights to old patents, look for companies producing similar products and sue them for patent infringement. The new law creates a seven-factor test for courts to use when deciding whether the claim is a bad faith assertion of patent infringement.

“Hardest hit are small start-ups and technology companies that do not have the means to withstand a lengthy, multi-million dollar court battle,” Missouri Chamber President Dan Mehan said of the effects of the patent suits. “Allowing greedy lawyers to prey on our state’s innovators hinders economic growth.”

Read more from the St. Louis Business Journal

Tags:, , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students