Financial Poise™ Announces “Common Deal Points in Commercial Agreements” of the “Business Law Dumbed Down” Webinar Series Available On Demand Through West LegalEdcenter

By Hoge Fenton | 06.21.2017 | Speaking Engagements & Firm Events

Financial Poise™ Webinars and West LegalEdcenter are pleased to announce the on demand release of a new webinar “Common Deal Points in Commercial Agreements: Commonly Recurring Negotiation Spots,” designed to introduce attorneys and business owners to the basics of corporate and commercial law. Moderator Peter Feinberg of Hoge Fenton joins panelists from firms including Jones Day, Jaspan Schlesinger, Sugar Felsenthal Grais & Hammer and Tenneco, Inc to discuss commercial contracts and how a business owner can help protect their business. This Financial Poise webinar series holistically considers the dizzying array of choices and issues faced in corporate and commercial law. Individuals (and entities) face these from the outset of the business until the termination of interest. This series primarily considers (1) issues of entity choice and locale, (2) capitalization and governance, and (3) common and important issues companies encounter. Challenging issues occur when working with customers, suppliers and other commercial parties— including sales and other exits from business ownership. This series will be helpful for those considering starting or purchasing a business for the first time. These episodes also benefit owners of existing businesses or those looking to begin another business. Additionally, this series applies to those who advise business owners on legal, accounting, risk management and financial issues. The 3rd episode of the “Business Law Dumbed Down” series is available now on demand! “Common Deal Points in Commercial Agreements: Commonly Recurring Negotiation Spots” (Register Here) features Moderator Peter Feinberg of Hoge Fenton. Peter is joined by David Sikes of […]

Patent Chaos Could Result if the US Supreme Court Finds the AIA Unconstitutional

By Leopold Lueddemann | 06.15.2017 | News Releases

President Obama signed The America Invents Act (AIA) into law in 2011, which made substantial changes to the patent system of this country. One of the provisions of the AIA provides the opportunity to challenge the validity of a patent, including by accused infringers, before the United States Patent and Trademark Office Patent Trial and Appeal Board (PTAB) using a tool called an Inter Partes Review (IPR). The United States Supreme Court has agreed to hear Oil States Energy Services, LLC v. Greene’s Energy Group. The Court will decide whether, under the US Constitution, only the federal courts – and not the executive branch (like PTAB) – can decide if a patent is invalid. Specifically, the question before the Court is whether patents are private property (an issue for the courts decide) or public rights (an issue that can be decided by government agencies). If the Supreme Court finds IPRs unconstitutional, the fallout could be huge. Not only could the 1,300 patents invalidated with IPRs be “brought back from the dead” if IPRs are unconstitutional, but the entire AIA could be declared unconstitutional. The AIA does not have a severance clause. A severance clause provides that the remainder of a document stays intact even if one or more parts are found invalid. Absent this provision, if part of the AIA is held unconstitutional, the entire AIA may be unconstitutional. Such a ruling by the Supreme Court may require Congressional intervention and a strategy to handle the resulting flood into the […]

Raise Your Right Hand and Register: Two Significant Changes in Trademark Use Requirements

By Dana Brody-Brown | 06.8.2017 | News Releases

Have you filed a trademark application, statement or declaration of use, or renewal recently? If so, you may have noticed that your verified statements supporting a submission in the trademark registration process look a little different! 1) As of January 1, the United States Patent and Trademark Office (USPTO) has changed its forms to emphasize that trademark registrants submit their affidavits or declarations under penalty of perjury. It has always been the case that any untruths or concealment of relevant facts carry consequences, including the imperilment of your registration or application. Penalties for perjury may also apply, such as a fine, imprisonment for up to five years, or some combination of both.[1] To stress the seriousness of the document and avoid the “too long; didn’t read” signature practice, the USPTO now requires registrants to check the box next to each relevant provision as an extra acknowledgement. KEY TAKEAWAY: We recommend you review these statements carefully for accuracy—especially statements regarding use of marks.   2) In addition to these formatting changes, the USPTO has instituted a more substantive measure to “clean up” the Register and ensure its integrity. Effective this past March 23, approximately 10% of renewal filings will be randomly chosen to undergo a specimen audit. As part of the audit, the USPTO will check whether the specimens submitted demonstrate that the registrant’s mark is being used with all the goods and services enumerated in the registration’s identification of goods and services.[2] If the specimens do not adequately support use of the mark with each […]

Supreme Court Affirms Limits of Post-Sale Power

The U.S. Supreme Court issued an important decision yesterday in a patent case, Impression Products, Inc. v. Lexmark International, Inc., No. 15-1189, 581 U.S.       (2017), ruling that post-sale restrictions on patent use are prohibited and that patent rights are exhausted once a product is sold anywhere in the world. The underlying dispute concerned Lexmark toner cartridges. Lexmark International, Inc. brought a patent infringement case against Impression Products, Inc., a company that acquired empty Lexmark cartridges from purchasers in the United States and abroad, refilled them with toner, and then resold them. A U.S. patent entitles the patentee to “exclude others from making, using, offering for sale, or selling inventions throughout the United States or importing the invention into the United States.”  35 U.S.C. §154(a). Lexmark argued that since the return program prohibited reuse and resale of empty cartridges, Impression Products infringed the Lexmark patents when it refurbished and resold the cartridges that Lexmark had sold in the United States. Lexmark further argued that since it did not give authority to import the cartridges, Impression Products violated Lexmark’s patent rights by importing the used cartridges that Lexmark had sold abroad.  Impression Products argued that Lexmark’s sales, both in the United States and abroad, exhausted its patent rights in the cartridges. The Court addressed two questions relating to the patent exhaustion doctrine: “First, whether a patentee that sells an item under an express restriction on the purchaser’s right to reuse or resell the product may enforce that restriction through an infringement […]

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