Thanks to Maryland Wayland, Retail Merchants Association member, for representing VRF at the bill signing.
Have you heard of “patent trolling?”
It occurs when patent trollers threaten Virginia businesses by sending demand letters threatening costly litigation if payment is not remitted.
The threat of litigation is cost prohibitive for the retail business, so they often settle for significant amounts.
VRF worked with a coalition of Virginia business organizations to develop legislation that establishes criteria that indicate a patent may be made in “bad faith” (e.g. deceptive, no patent number referenced, no description of the specific violation or the product that is supposedly covered by the patent).
The Attorney General now has the authority to investigate and prosecute bad faith patent assertion violations.
SB 150 and HB 375 were signed into law by Governor McAuliffe. Marilyn Wayland, of Free Agents Marketing, represented VRF at the bill signing.
For more information:
The Virginia Retail Federation had the opportunity to come along side Retail Merchants Association member, Carytown Cupcakes, as the owners traded their baker's hats for lobbyist caps.
Dawn and Albert Schick, Carytown Cupcake owners, were instrumental catalysts in helping bring about the passage of Senate Bill 502, a change to Virginia ABC law that expands the sorts of booze that a bakery can serve.
Governor McAuliffe announced that June will be designated as Virginia’s Business Appreciation Month to ensure that the history and growth of Virginia businesses are recognized across the Commonwealth.