Insights

The Patent Practice Benchmark 20 (“PPB20™”) has identified the top 20 firms providing patent prosecution services. The nationwide study inspected data from the United States Patent and Trademark Office based on timeliness, completeness and accuracy. Fay Sharpe LLP is proud to report we are recognized and included by the PPB20™ in the top 20 patent practices. Fay Sharpe LLP was evaluated with other law firms and patent practice businesses across the country and met stringent criteria to earn a spot on this list. To be considered for the PPB20™ each nominee on the list must be based in the U.S., have a minimum number of 13 patent practitioners, a minimum number of 3,100 published patent applications, at least 600 maintenance fee payments and meet the minimum Quotia score of 800. A Quotia score sets criteria surrounding accuracy, completeness and timeliness of a practitioner’s work. With a score above 751, top tier...

By: Chloe Drake Imagine being told once you enter 9th grade, you will be working in Corporate America helping Corporate America do what they do best. Imagine being 14 years old being told that your job placement is at a well-known law firm in your downtown area. Imagine walking in for your first day not having a clue what to say or how to act or even where to go. I know you are probably thinking that this could not be, but indeed it happened. Ironically, I was that 14 year old who was placed at Fay Sharpe three years ago. On my first day at Fay Sharpe, I was relentlessly nervous about if I had the talents or qualifications to fulfill the needs of the job that I just got hired to do. I mean, what ninth grader do you know that thinks of those things at that age?...

By Mark D. Klinko, attorney at Fay Sharpe LLP On March 21, 2017, the U.S. Supreme Court issued a 7-1 decision in SCA Hygiene Products Aktiebolag v. First Quality Baby Products, LLC.  Justice Alito delivered the opinion of the Court and Justice Breyer dissented.  The Court decided laches cannot be a defense against damages where the patent infringement occurred within a time period set by Congress. Laches is an equitable doctrine under which a court may deny relief to a claimant who made a claim after an unreasonably long delay.  Judges evaluate the defense of laches on a case-by-case basis where it is available.  A key rationale for the doctrine of laches are fairness to a defendant since evidence needed to mount a defense may be destroyed over time.  For example, witnesses may lose memories or documents may be lost.  A statute of limitations serves a similar function but is set by...

Written by Mandy B. Willis, attorney You are a small, entrepreneurial company getting ready to introduce a product that will ensure your economic success. You have already taken steps to protect the intellectual property (the “IP”) behind the product. You invested in branding. You obtained a patent opinion that gives you clearance. But what if—unbeknownst to you—the product will infringe someone else’s IP? What if a larger company copies your idea, launches the product faster, and captures your customer pool? Can you afford to be involved in a dispute? Consider the Risk of Exposure How do large corporations fund the multi-million dollar suits in which they are entangled? These companies have a risk-management strategy that budgets for potential litigation. Part of the strategy is to use insurance to protect IP assets. Although not widely realized, this insurance is available to businesses of all sizes and stages of success. Insurance is available to reimburse...