ttools Case Analysis

interoffice memorandum to: tom hazzard, ceo of ttools from: subject: palm patent infringement issue date: This is to propose that the ttools should take immediate legal action through patent litigation means against Palm. This action is best taken to protect the survival of ttools business and innovations with the stylus. Based on the non-disclosure agreement (NDA) with Palm, it was evident that Palm has committed the infringement. Therefore, if ttools took legal action against Palm there is a high change of winning the litigation case. Since ttools has the upper hand in this issue, Palm might consider to settle the litigation since they committed the patent infringement. There is clear sufficient proof that there was a patent violation by Palm. This will most likely result in a negotiation between ttools and Palm for the licensing or royalty sharing agreement instead of paying for the infringement losses.
The patent is a very important asset in the evolution of the ttools business. A patent entails a set of exclusive rights that are granted by a national government to an inventor or their assignee for a limited period. Patents promote innovation and the dissemination of information by requiring the owner to publicly disclose the information that encompasses the invention. The information enriches technical knowledge and promotes creativity to others. Patents provide protection to the owner and a means of licensing technology at all levels. Without protection, people would not want to invest large amounts of money in new inventions. There would not be any measures to prevent competitors from immediately making use of an invention, without having had to put in the same time, hard work, and money as the original inventor. Patent laws ensure that there is no unfair advantage of the ideas and work of other inventors. Patents will ensure that individuals and businesses will continue to work to create new ideas and innovation, which will help improve the economy