Posts Tagged: "Valencia Martin Wallace"

According to Martin-Wallace, the goal of the Patent Quality Summit is to establish a dialogue between the USPTO and stakeholders so that both sides can obtain a better understanding of where everyone is coming from when we talk about patent quality, and to set expectations going both directions. “Quality is two-fold – both internal and external,” Martin-Wallace explained. “We want to make sure we are delivering quality to stakeholders… patents that can stand up in the courts.”

She then pivoted to address the other side of the issue, which relates to issuing patents that should never have been issued in the first place. Lee explained: “I’ve see the effect of patents that should not have issued, or that have issued with a scope that is too broad. There is a also a cost associated with that as well… On average a start-up may get between $10 to $15 million to last over a number of years, and there are statistics that indicate that patent litigation can cost cost well over $1 million. So you can see if there is abusive litigation or a patent that should not have issued, there is a cost to our businesses.”