Law360, New York (April 21, 2015, 3:22 PM EDT) -- Three U.S. congressmen introduced bipartisan legislation Tuesday that would create new rules for patent licensing demand letters, a measure they said is a critical first step in cracking down on so-called "patent trolls" that buy up patents to sue or intimidate businesses.
The Demand Letter Transparency Act, introduced by Reps. Jared Polis, D-Colo., Tom Marino, R-Pa., and Ted Deutch, D-Fla., aims to make demand letters more transparent and detailed, while ramping up enforcement and oversight.
By increasing letter requirements, the lawmakers said they hope to rein in one of the most abusive tactics of patent trolls: making hazy allegations against small...
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