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Trademark News
MOSAID Wins First Major Patent Acquisition Case
MOSAID Technologies has succeeded in gaining settlement with Infineon and its memory spin-off, Qimonda over infringements for various memory based patents. Infineon will pay MOSAID an undisclosed amount over 6 years and will receive licenses for MOSAID's complete patent portfolio.
"This is also MOSAID's first major patent acquisition, and our goal is to fully realize the value of this intellectual property over time," stated George Cwynar, President and Chief Executive Officer of MOSAID.
MOSAID has also purchased 50 patents from Infineon and Qimonda, related to a range of technologies including DRAM memory, and power management ICs, amongst others. MOSAID will pay for these patents also over six years. However the company stated that it expects positive earnings in respect to the licensing agreement. All other litigation between the two companies is expected to be dropped.
Trademark owners use criminal prosecution.
Buyer Beware! Counterfeiting-the false marking of goods-has been a problem for centuries. Trademark owners use criminal prosecution, policing infringers, and public education to discourage counterfeiting and infringement.
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Latest news about Trademark cases in New York and nationwide:
Definition:
Creative ideas and expressions of the human mind that have commercial value and receive the legal protection of a property right. The major legal mechanisms for protecting intellectual property rights are copyrights, patents, and trademarks.
WCT
Definition:
World Intellectual Property Organization Copyright Treaty is an international treaty that was negotiated in 1996 to protect authors' copyrights on the Internet.
Invention
Definition:
The human creation of a new technical idea and the physical means to accomplish or embody the idea.
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