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Trademark News
MOSAID Wins First Major Patent Acquisition Case
MOSAID Technologies has succeeded in gaining settlement with Infineon and its memory spin-off, Qimonda over infringements for various memory based patents. Infineon will pay MOSAID an undisclosed amount over 6 years and will receive licenses for MOSAID's complete patent portfolio.
"This is also MOSAID's first major patent acquisition, and our goal is to fully realize the value of this intellectual property over time," stated George Cwynar, President and Chief Executive Officer of MOSAID.
MOSAID has also purchased 50 patents from Infineon and Qimonda, related to a range of technologies including DRAM memory, and power management ICs, amongst others. MOSAID will pay for these patents also over six years. However the company stated that it expects positive earnings in respect to the licensing agreement. All other litigation between the two companies is expected to be dropped.
The USPTO is estimated to generate $1.5 Billion dollars a year.
The President’s FY 2005 budget submission allocates to the USPTO all of the $1.533 billion in fees it is projected to raise next year.
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Definition:
The TRIPS agreement is the most comprehensive multilateral agreement. TRIPS sets a minimum standard for intellectual property protection that countries that join the WTO must conform to.
Utility
Definition:
The usefulness of a patented invention. To be patentable, an invention must operate and be capable of use, and it must perform some "useful" function for society.
Madrid Protocol
Definition:
Is an international treaty that allows a trademark owner to seek registration in any of the countries that have joined the Madrid Protocol by filing a single application, called an “international application.”
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