An Economic View Of ITC 337 Cases And The Public Interest
November 21, 2012, 12:13 PM EST
Law360, New York (November 21, 2012, 12:13 PM EST) -- Patents exist to promote innovation. Because innovation is good for economic growth and welfare, strong enforcement of patent rights provides the foundation for effective innovation policy. But such enforcement should not lose sight of the ultimate policy objective — to promote economic welfare through the optimal balance of the creation and diffusion of innovative ideas.
Intellectual property rights (IPR) enforcement through Section 337 at the U.S. International Trade Commission is an increasingly important avenue to protect these rights and promote broader innovation policy goals. In an...