Sunday, February 17, 2013

3rd Class

Last class we focused on the legal wars that companies have had with each other. There are many famous cases that have recently taken place, perhaps most famously Samsung V.S. Apple. We also went over the many different legal entities. The International Trade Commission (ITC) is one such example, which is a quasi-legal venue where many patent cases are heard. The ITC has faster proceedings than District courts, so companies often prefer them. However, the ITC cannot award damages, only can grant injunctions. So the ITC has its pros and cons.

Other things covered were also important. A main idea that the Professor talked about was that a Patent protects an idea, not a implementation. Perhaps the most striking thing that we discussed was that Patents can be sold, bought, or traded. It never occurred to me that this was possible. Or that there are businesses with the sole purpose of having entities buy these patents.

We covered a lot more material this class than other classes before. I hope future classes are like this.

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