New Support For An Emerging Method For Standard-Setting Organizations
November 9, 2006, 12:00 AM EST
Law360, New York (November 9, 2006, 12:00 AM EST) -- On October 30, the Antitrust Division of the Department of Justice stated that it does not have antitrust concerns regarding a proposal by the VMEbus International Trade Association (VITA) to implement a significant new patent policy requiring upfront disclosure of patents and patent licensing terms in connection with VMEbus standard-setting activities.
The DOJ announcement provides important new antitrust support for an emerging method for standard-setting organizations (SSOs) and their participants to deal with the growing problems of submarine patents, patent lock-in, and prohibitively expensive royalty terms...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.