Washington, D.C. – The National Retail Federation (NRF) is publicly crediting the Obama administration for its response to “patent trolls,” or companies that purchase patents for the sole purpose of launching infringement suits against other companies. The administration has implemented a series of executive actions designed to have the U.S. Patent and Trademark Office promote transparency, clarity and fairness in the patent process.
David French, senior VP of the NRF, held meetings at the White House on Feb. 20. Before the meetings, he issued a statement supporting the Obama administration’s efforts.
“The National Retail Federation credits the administration’s attention to strengthening the United States patent system and proposing a series of measures aimed at protecting Main Street retailers and restaurants from abusive patent trolls,” said French. “The President has recognized the economic harm caused by patent trolls, and we welcome the administration’s leadership on this priority. Further transparency, clarity, education and enforcement are all welcome steps for the nation’s business community. Congress needs to act this year on patent reform and address the lingering questions around demand letter transparency, the customer stay provision and expanded covered business method patents in order to fully protect local shops and stores from costly and abusive patent troll lawsuits.”