SCOTUS rules on patent exhaustion case
The U.S. Supreme Court has limited the ability of companies to collect royalties after the first sale of a patented product. The case tackled an issue of patent exhaustion that hasn’t been ruled on in 66 years.In a unanimous opinion this morning in Quanta Computer, et al. v. LG Electronics, No. 06-937, the nation’s highest court said that longstanding patent law precedent extends to method patents that are often part of high-technology components and products. “For over 150 years this Court…