Important Intellectual Property

A patent dispute between MercExchange and eBay has been settled. In the case, the Supreme Court sided with the eBay in what is considered to be an important ruling on intellectual property. As a result, eBay will purchase from MercExchange three patents that were part of a September 2001 lawsuit filed by MercExchange, along with additional technology and inventions related to the dispute. eBay will also license a search-related patent portfolio that wasn’t part of the lawsuit, the company said Thursday. Other terms of the agreement are not being disclosed, eBay said.

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