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House panel passes bill targeting 'patent trolls'

WASHINGTON (Reuters) - A U.S. congressional panel on Wednesday approved a bill targeting patent "trolls," companies that buy or license patents from others and then aggressively pursue licensing fees or file infringement lawsuits. The House of Representatives Judiciary Committee voted 33-5 to send to the full House a measure that appeared to have the best chance of reining in patent assertion entities, known derisively as "trolls."

U.S. Senate gets bill clamping down on 'patent trolls'

By Diane Bartz WASHINGTON (Reuters) - Two leading U.S. senators introduced a bill on Monday aimed at making it harder for "patent trolls" to file frivolous infringement lawsuits.

U.S. says China must do more to safeguard trade secrets

By Michael Martina BEIJING (Reuters) - China faces steep intellectual property rights challenges which undercut Beijing's efforts to boost innovation, the U.S. ambassador said on Thursday, comments that drew a rebuke from China's Foreign Ministry. Intellectual property rights (IPR) are a perennial headache for foreign companies operating in China and critics argue that poor enforcement scares off firms from transferring technology or applying for patents.

Lorde makes king's ransom in royalty deal

Chart-topping New Zealand teenager Lorde has landed a multi-million dollar contract for the rights to her songs, it has been reported. The Auckland singer-songwriter, who turned 17 last week, signed with boutique music publisher Songs Music in a deal believed to be worth around US$4 million after a fierce bidding war involving major labels, the Wall Street Journal said.

Motion Picture Association of America backs antipiracy curriculum for elementary students

LOS ANGELES, Calif. - When it comes to learning about the evils of Internet piracy, Hollywood studios and the major music labels want kids to start young. A non-profit group called the Center for Copyright Information has commissioned a school curriculum to teach elementary-age children about the value of copyrights.

U.S. lawmakers hear plea for protection against 'patent trolls'

WASHINGTON (Reuters) - Congress should take action to crack down on "patent trolls" - companies in the business of buying and asserting patents - which often demand royalties from stores and restaurants for alleged infringement of high-tech patents, experts told U.S. lawmakers on Thursday. The major complaint against patent trolls' "demand letters" is that they fail to establish that infringement exists, and do not disclose what patent is infringed or who owns the patent, witnesses told lawmakers at a Senate Commerce Committee hearing.

Taiwan, Japan set to sign 5 agreements

Taiwan and Japan will sign five mostly trade-related agreements in Taipei on Tuesday afternoon, the island's Foreign Ministry said. The five agreements and memoranda of understanding are those on electronic commerce, cooperation on pharmaceutical regulations, railway cooperation, mutual recognition of patent priority claims and air and maritime search and rescue.

Exclusive: Intellectual Ventures faces novel attack on patent business

By Dan Levine and Tom Hals SAN FRANCISCO/ WILMINGTON, Delaware (Reuters) - Seven years ago, Intellectual Ventures bought a patent on technology that helps detect malicious software embedded in digital content. The price? $750,000. Now Intellectual Ventures is arguing in a Delaware courtroom that Internet security firms Symantec and Trend Micro should pay roughly $310 million combined for a license to that patent through the end of last year.

Mexico lawmakers firm on mining royalty plan: Canada mining lobby

By David Alire Garcia MEXICO CITY (Reuters) - Canada's top mining lobby said on Monday that Mexican lawmakers remain "firm" on approving a system of mining royalty payments, despite the industry's best efforts to lower a levy that companies say will deter investment.

TPP countries to speed up talks on intellectual property: official

Countries involved in the Trans-Pacific Partnership free trade talks wrapped up a five-day working group meeting on intellectual property in Tokyo on Monday, with a Japanese official saying the negotiators will speed up discussions to conclude an overall TPP deal by the end of this year. After hosting a TPP meeting for the first time in Tokyo, Japan's deputy chief negotiator Hiroshi Oe told a press conference that all matters in question had been discussed and progressed to the point he was hoping to reach before the meeting.
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