Behind every successful innovation strategy is a sophisticated intellectual property strategy. Intellectual property is the currency of innovation: it is a tradable that can be used to lend credibility to innovation programs, allow freedom to operate, provide access to third-party technology and ward off infringement actions.
Innovation is accelerating in almost every sector of the economy – banking, telecommunications, retail, and services. Customers, especially Millennials, are hungry for the next new technology that will make their lives easier and the customer experience more enjoyable. At the same time, customers are less loyal than ever, since digitization gives them a tremendous … Continue Reading
Litigants seeking to invalidate claims of a patent invariably allege that the invention claimed by the asserted patent would have been obvious to a person of ordinary skill in the art. An allegation of obviousness typically relies on a mosaic of prior art combined with the skilled person’s common general knowledge to show that the inventive concept would have been obvious. A recent decision of Justice Heneghan of the Federal Court has clarified the extent to which a party alleging obviousness has to particularize the specific combinations asserted to render the inventive concept obvious.
In Crude Solutions Limited et al … Continue Reading
The payments space is undergoing a period of rapid innovation, resulting in traditional financial institutions competing more and more directly with large technology companies such as Apple, Google, Samsung and Facebook. Unsurprisingly, various players in the payments industry have been filing patents to protect their proprietary technologies for various payment functionalities, ranging from central elements of a payment transaction (such as core payment processing algorithms), to other ancillary, but necessary, aspects of a payment transaction, such as authentication and tokenization methods.… Continue Reading