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Why SpencePC?
Clients choose SpencePC because we do outstanding work for fair compensation. Unlike our competitors, we encourage the use of alternative-fee agreements that more closely align our clients’ interests with the Firm’s interests. As a result, our clients pay only for the value they receive.
Our Philosophy
Our philosophy is simple: be outstanding and offer a unique value proposition. Hourly billing creates the wrong incentive for attorneys to work longer, not smarter. Instead, we encourage alternative-fee arrangements that reward success and efficiency. By doing so, our attorneys remain focused on obtaining the best results for our clients in the most cost-efficient manner.
Our Skills
We are attorneys who specialize in intellectual property and complex litigation. We hold science, engineering, and law degrees from the nation’s top schools. Following our education, each of us received years of additional training from prestigious, top-tier law firms. Our billing model ensures we remain focused on obtaining the best results in the most cost-efficient manner.
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FTC report on PAEs could have an outsized effect on U.S. patent reform debate
In September 2013, the Federal Trade Commission (FTC) issued a request for public comment for information on patent assertion entities (PAEs) and their licensing activities in an attempt to add to the existing literature and evidence on PAE behavior. The PAE study is the result of media coverage and Congressional pressure regarding the potentially abusive behavior of PAEs and the potential that their licensing activities could be “ a drag on innovation, competition, and our economy .”
For the purposes of the study, the FTC has defined a PAE as any business having a model which is primarily based upon purchasing patent rights and then enforcing that intellectual property against parties who are already practicing the technology in order to generate revenues. Along with publicly available information, the FTC will also be drawing from nonpublic information including licensing agreements, patent acquisition data as well as cost and revenue data from businesses. The FTC study specifically looks at PAEs in the wireless communication sector.
The post FTC report on PAEs could have an outsized effect on U.S. patent reform debate appeared first on SpencePC.
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