Adam Mossoff, Professor of Law at the Antonin Scalia Law School, George Mason University, and a Center for IP Understanding board member, recently called the RESTORE bill “one of the most important proposals for patent reform introduced in Congress in recent years.
“Injunctions are the necessary legal backstop to commercial transactions for all property rights in the free market,” he told IPWatchdog. “The loss of injunctions has devalued patents as an asset class and has hampered the continued success of the U.S. innovation economy."
“The RESTORE Act rightly reverses the Court’s new injunctions test it created in 2006 and restores the original patent system – the property rights that launched the economic successes of the Industrial Revolution through the computer and biotech revolutions.”
RESTORE stands for The Realizing Engineering, Science, and Technology Opportunities by Restoring Exclusive Patent Rights Act of 2024. It will restore court ordered injunctions that require an infringing business to halt sales of infringed products.
Without injunctions, businesses are free to infringe with relative impunity, impeding innovation and competition.
