Patents

On August 2, 2022, Senator Thom Tillis (R-NC) introduced the Patent Eligibility Restoration Act of 2022 (S. 4734) (“PERA”).  Senator Tillis characterized the bill to “restore patent eligibility to important inventions across many fields.”  The “fields” were said to...

Intellectual property is an intangible asset, such as an innovation, idea, or concept, that the owner protects with a patent. Inventors who have created a new product or design use a patent to secure the innovative concept for a predetermined period, and may also sell...