Intellectual Property and Antitrust Toolkit | Practical Law
A Toolkit that includes resources that help attorneys litigate and counsel on antitrust issues relating to intellectual property (IP) exploitation and enforcement.
A Toolkit that includes resources that help attorneys litigate and counsel on antitrust issues relating to intellectual property (IP) exploitation and enforcement.
The intersection of antitrust laws and intellectual property (IP) presents a potentially conflicting set of principles. Though antitrust laws are intended to promote a competitive marketplace and prevent exclusionary conduct, IP protection confers rights to exclude others.
Although US federal antitrust law does not specifically reference IP, the following laws are relevant to IP transactions and counseling:
Federal Trade Commission Act (FTC Act) (15 U.S.C. § 41). Section 5 of the FTC Act (15 U.S.C. 45) prohibits unfair methods of competition and has generally been interpreted as co-extensive with the Sherman Act.
Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). The HSR Act imposes a waiting period for certain proposed transactions (such as mergers and acquisitions and certain IP licensing transactions) during which the federal antitrust agencies review the transaction to determine if it violates the federal antitrust laws.
IP practices that may raise antitrust issues include:
IP licensing and collaborations, which can increase incentives for innovation and reduce costs by allowing IP owners to efficiently and effectively exploit their IP, but may adversely affect competition in the relevant product, technology, or research and development markets.
Standard-setting activities, including whether an organization must license its IP if the IP has been incorporated into an industry standard.
Tying IP to other products or other IP.
Patent pools and cross-licenses, which reduce costs for manufacturers but may raise antitrust risks if they involve price-fixing, discourage innovation, or exclude competitors.
This Toolkit is a collection of resources to help counsel navigate the intersection of IP and antitrust, including resources on the substantive antitrust laws that are relevant to IP.