Demand Letter Bill Would Squelch Worst Patent Trolls

By Ryan Davis (February 28, 2014, 8:32 PM EST) -- A new Senate bill that would establish rules for patent licensing demand letters would effectively curb the most egregious tactic of so-called patent trolls: targeting small companies with vague allegations to extract settlements, attorneys say.

The Transparency in Assertion of Patents Act, introduced Thursday, appears to be on a fast track in the U.S. Senate Commerce Committee, which has set a hearing on it for Wednesday.

By requiring demand letters to include detailed descriptions of the patents at issue and the infringement claims, the bill would short-circuit a strategy favored by the most notorious trolls: making hazy allegations against small companies...

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