Public Standards and Patent Damages, 14 J. MARSHALL REV. INTELL
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Patents on Tax Strategies: Issues in Intellectual Property and Innovation
. Patents on Tax Strategies: Issues in Intellectual Property and Innovation John R. Thomas Visiting Scholar January 6, 2010 Congressional Research Service 7-5700 www.crs.gov RL34221 CRS Report for Congress Prepared for Members and Committees of Congress c11173008 . Patents on Tax Strategies: Issues in Intellectual Property and Innovation Summary Several bills introduced in the 111th Congress addressed the recently recognized phenomenon of patented tax strategies. These legislative initiatives would prevent the grant of exclusive intellectual property rights by the United States Patent and Trademark Office (USPTO) on methods that individuals and enterprises might use in order to minimize their tax obligations. Many commentators trace the rise of tax strategy patents to the 1998 opinion of the Federal Circuit in State Street Bank v. Signature Financial Group, which rejected a per se rule that business methods could not be patented. In recent years, the USPTO has issued a number of patents that pertain to tax strategies, and numerous other patent applications remain before that agency. At least one of these patents, the so-called SOGRAT patent, has been subject to enforcement litigation in federal court. The impact of tax strategy patents upon social welfare has been subject to a spirited debate. Some observers are opposed to tax strategy patents. These commentators believe that patent protection is unnecessary with respect to tax avoidance techniques due to a high level of current innovation. Others believe that patent-based incentives to develop tax avoidance strategies are not socially desirable. They assert that patents may limit the ability of individuals to utilize provisions of the tax code intended for all taxpayers, interfering with congressional intent and leading to distortions in tax obligations. -
Myovant Sciences Ltd. 10K 2021 V1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-37929 Myovant Sciences Ltd. (Exact name of registrant as specified in its charter) Bermuda 98-1343578 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Suite 1, 3rd Floor 11-12 St. James’s Square London SW1Y 4LB United Kingdom Not Applicable (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: +44 (207) 400 3351 Securities registered pursuant to Section 12(b) of the Act: Title of each Class Trading Symbol Name of each exchange on which registered Common Shares, $0.000017727 par value per share MYOV New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
What Are the Costs and Benefits of Patent Systems?
CENTRE FOR GOVERNANCE OF KNOWLEDGE AND DEVELOPMENT WORKING PAPER: OCTOBER 2008 What are the costs and benefits of patent systems? Hazel V J Moir This paper can be downloaded without charge from http://cgkd.anu.edu.au/menus/workingpapers.php Citation for non-commercial purposes is encouraged by the author Correspondence to: [email protected] Dr Hazel Moir Program Visitor Centre for Governance of Knowledge and Development Regulatory Institutions Network (RegNet) College of Asia and the Pacific The Australian National University Canberra ACT 0200 AUSTRALIA © Moir 2008 (citation for non-commercial purposes is encouraged) . What are the costs and benefits of patent systems?* Hazel V J Moir Program Visitor, Centre for Governance of Knowledge and Development Regulatory Institutions Network, College of Asia and the Pacific The Australian National University ABSTRACT There do not appear to be any cost-benefit assessments of the impact of patent systems, nor any data that can be used to directly assess the economic impact of patent systems. Discussions of patent policy therefore tend to be theoretical, and any evidence used is anecdotal rather than scientifically based. A wider search shows, however, that there is substantial empirical material on the costs and benefits of patent systems published in a very diverse range of journals and working papers. While these do not allow a full assessment of the economic impact of patent systems, they do provide useful evidence on many aspects of the impact of patent systems. This evidence is drawn together in this summary overview. The objective is to assist in a move towards an evidence-based discussion of patents as a central issue in innovation policy. -
Tax Patents: at the Crossroads of Tax and Patent Law
TAX PATENTS: AT THE CROSSROADS OF TAX AND PATENT LAW Linda M. Beale† I. INTRODUCTION In the United States today, the tax practitioner community has belatedly become fully aware of the availability of patents for business method processes and financial transactions—including computer-driven processes that have tax- minimizing possibilities and even tax-advantageous methods of structuring transactions. The United States Patent and Trademark Office (“the Patent Office”) has been granting business method patents for a number of years.1 State Street Bank & Trust Co. v. Signature Financial Group, a seminal case for business method patents, was perhaps one of the earliest tax-related patent decisions: the Federal Circuit held that a computerized system for managing mutual funds’ pooling of investments through a tax partnership was patentable subject matter.2 In the decade since State Street, a number of business method patents with tax implications have been granted, and even more business 3 method tax patent applications are pending. † Visiting Associate Professor, Boston College Law School and Associate Professor, Wayne State University Law School. An earlier version of this paper was presented at the Boston College Tax Colloquium. The article covers developments concerning tax strategy and business method patents through March 2008. The author wishes to express her gratitude for comments of colleagues James Repetti, Diane Ring, David Olson, Alfred Yen and Joseph Liu. 1. See U.S. PATENT & TRADEMARK OFFICE, A USPTO WHITE PAPER: AUTOMATED FINANCIAL OR MANAGEMENT DATA PROCESSING METHODS (BUSINESS METHODS) (2000), available at http://uspto.gov/web/menu/busmethp/whitepaper.doc (discussing the history of business method patents) [hereinafter, WHITE PAPER]. -
When Worlds Collide: Tax Planning Method Patents Meet Tax Practice, Making Attorneys the Latest Patent Infringers
WHEN WORLDS COLLIDE: TAX PLANNING METHOD PATENTS MEET TAX PRACTICE, MAKING ATTORNEYS THE LATEST PATENT INFRINGERS Richard S. Gruner† I. INTRODUCTION Tax planning patents have produced an uproar exemplifying the unexpected conflict that can result “when worlds collide.”1 Tax planning patents apply to methods of income and asset management that produce desirable tax results.2 These patents exist at the intersection of two specialized and previously separated legal worlds. The patent world is governed by intellectual property rules and the bedrock principle that certain types of non- obvious innovations are best encouraged by giving their originators broad controls over the innovations for limited periods.3 The tax world is governed by a complex set of tax law standards against which the affairs of clients must be evaluated and shaped to aid the clients in lawfully reducing their tax † Director of the Center for Intellectual Property Law and Professor of Law at the John Marshall Law School in Chicago. L.L.M., Columbia University School of Law, 1982; J.D. U.S.C. Law School, 1978; B.S., California Institute of Technology, 1975. 1. The original “When Worlds Collide” was a 1932 science fiction novel co-written by Philip Gordon Wylie and Edwin Balmer, both of whom also authored the sequel After Worlds Collide. See PHILIP WYLIE & EDWIN BALMER, AFTER WORLDS COLLIDE (1982); PHILIP WYLIE & EDWIN BALMER, WHEN WORLDS COLLIDE (1999). Perhaps more familiar to most readers is the 1951 film that won the 1951 Academy Award for Best Effects, Special Effects. When Worlds Collide (1951), Awards, http://www.imdb.com/title/tt0044207/awards (last visited May 13, 2008). -
Is Bilski Likely the Final Word on Tax Strategy Patents?Coherence Matters,9 J
THE JOHN MARSHALL REVIEW OF INTELLECTUAL PROPERTY LAW il,!I I Is BILSKiLIKELY THE FINAL WORD ON TAx STRATEGY PATENTS? COHERENCE MATTERS LINDA M. BEALE ABSTRACT The Supreme Court's grant of certiorari in In re Bilski presents an opportunity to lay to rest the patent eligibility of tax strategies. A comparison of the core values of the patent and tax systems reveals fundamental conflicts that have gained the attention of tax practitioners, bar associations and Congress. These conflicts are identified by tracing both the development of patentable subject matter and the policy goals of the tax system. This article addresses the future of tax strategy patents in light of In re Bilski and analyzes the potential for the Court to deliver guidance that makes clear the ineligibility of tax strategies as patent subject matter. Copyright © 2009 The John Marshall Law School; Linda M. Beale M Cite as Linda M. Beale, Is Bilski Likely the Final Word on Tax Strategy Patents?Coherence Matters,9 J. MARSHALL REV. INTELL. PROP. L. 110 (2009). Is BILSKLIKELY THE FINAL WORD ON TAx STRATEGY PATENTS? COHERENCE MATTERS LINDA M. BEALE * Two decades ago, patents granted by the United States Patent and Trademark Office ("Patent Office") primarily dealt with routine industrial manufacturing processes and tangible machines.' The Federal Circuit's landmark 1998 decision in State Street Bank & Trust Co. v. Signature FinancialGroup, Inc.2 found a method for processing data to manage mutual funds through a "hub and spoke" system to be statutory subject matter under 35 U.S.C. § 101.3 The State Street decision appeared to remove any doubt that there ever was an exception to patentable subject matter for business methods that do not involve traditional industrial inventions: methods of conducting business can be patentable processes, the court held, so long as they produce a "useful, concrete and tangible result."4 The case revolutionized the types of claims before the Patent Office, resulting in an avalanche of business method and 5 financial transaction applications moving through the system. -
THE PROLIFERATION of TAX STRATEGY PATENTS: HAS PATENTING GONE Too FAR?
THE JOHN MARSHALL REVIEW OF INTELLECTUAL PROPERTY LAW THE PROLIFERATION OF TAX STRATEGY PATENTS: HAS PATENTING GONE Too FAR? ANISH PARIKH ABSTRACT Many people employ an accountant or tax attorney to assist them with the paying of their taxes. Tax practitioners may utilize various tax strategies in determining how a taxpayer should allocate his money. These tax strategies fall into the category of business methods. It was widely held that patents could not be granted for methods of doing business; however, this changed in 1998 when the Court of Appeals for the Federal Circuit upheld the patentability of an investment structure in State Street Bank & Trust Company v. SignatureFinancial Group, Inc. More recently, in Wealth Transfer Group v. Rowe, the scenario of being sued for using a patented tax strategy was illustrated. The current state of patent law makes no mention of tax strategies; however, after analyzing the characteristics of tax strategies with the elements required for patentability, it is determined that tax strategies should not be patentable subject matter. This proposal suggests that the patent laws be amended, as they have been in the past, to remove tax strategies from being patent-eligible subject matter, a solution which lies in Congress' hands. Copyright © 2007 The John Marshall Law School Cite as Anish Parikh, Comment, The Proliferationof Tax Strategy Patents."Has PatentingGone Too Far?,7 J. MARSHALL REV. INTELL. PROP. L. 202 (2007). THE PROLIFERATION OF TAX STRATEGY PATENTS: HAS PATENTING GONE Too FAR? Anish Parikh* INTRODUCTION Imagine the already daunting task of walking into your tax attorney's office. -
Patent Protection Through Patent Insurance in India: a Research Framework [1] Dr
ISSN (Online) 2394-2320 International Journal of Engineering Research in Computer Science and Engineering (IJERCSE) Vol 5, Issue 2, February 2018 Patent protection through Patent Insurance in India: A research framework [1] Dr. Surabhi Goyal [1] Faculty, Army Institute of Management & Technology, Greater Noida Abstract - In today’s world of competitiveness and innovation, leading the world technologically is very important. Many economies have identified that patent protection is a very crucial strategic decision to lead in a technological industry. Patent insurance is one of the tools to support this thought. In this conceptual research paper, a trail has been to find the possibility of acceptance of patent insurance as a financial tool for securing the patents from infringements in India. Also, a conceptual framework is also framed in the form of suggestive measures to support the importance of such concept in Indian context. Keywords: --- Patent insurance, litigation, competitiveness, technology, patent protection, infringement This paper will discuss the possibility of acceptance of INTRODUCTION patent insurance in India. It will also discuss the obstacles and suggestive measures to be taken by the companies A patent is an exclusive right granted by a country to the and government for the implementation of this concept. owner of an invention to make, use, to manufacture and to market the invention, provided it satisfies certain OBJECTIVES OF THE STUDY conditions stipulated by law. Exclusivity of rights implies that no one else can make, use, manufacture or market the In today’s business scenario, risk management is a key inventions without the consent of patent holder. As soon focus area, and insurance is the only effective protection as the patent gets expired, it passes into the public available for a product portfolio. -
Insurance Patents: Indian Scenario
Journal of Intellectual Property Rights Vol 17, March 2012, pp 152-156 Insurance Patents: Indian Scenario Rahul Sinha† Life Insurance Corporation of India, Mahrajganj Branch, Uttar Pradesh 273 303, India Received 5 August 2011, revised 8 December 2011 The importance of intellectual property is well recognized in various industries but the Indian insurance industry has not yet opened its door to intellectual property. Whereas insurance companies world-wide are patenting various aspects of insurance products, the Indian insurance industry finds excuse in the argument that the Patents Act in India does not allow insurance products to be patented. The paper explores various forms of intellectual property, with special emphasis on patents, which can be used to protect insurance methods and products. It attempts to undo the misconceptions about patenting insurance products and suggests by example, that insurance products can be protected under computer programs category. Keywords: Intellectual property, insurance patent, insurance industry, computer program Insurance is a contract that pledges payment of an intellectual property can do in promoting competition, amount on the happening of the event insured against. else some kind of protection would definitely have The Indian insurance industry dates back to ancient been sought for by insurance companies to protect times and finds mention in the writings of Manu their innovative products. IRDA being a regulator, the (Manusmrithi), Yagnavalkya (Dharmasastra) and responsibility to encourage the insurers to build Kautilya (Arthasastra).1 These ancient texts describe innovative products and effectively protect them, pooling of resources that could be re-distributed in squarely falls on its shoulders. Innovation is a key times of calamities, such as fire, floods, epidemics component in insurance market, be it through and famine. -
Securing, Enforcing, and Avoiding Infringement Of
SECURING, ENFORCING, AND AVOIDING INFRINGEMENT OF U.S., INTERNATIONAL, AND FOREIGN PATENTS, TRADEMARKS, AND COPYRIGHTS; SECURING TRADE SECRETS; AND AVOIDING UNFAIRUNFAIR COMPETITIONCOMPETITION This paper contains general information about patents, trademarks, copyrights, trade secrets, and unfair competition, and is intended to make the reader aware of issues in intellectual property law. Because there are exceptions to many, if not all, of the rules mentioned in this paper, and because laws and rules change frequently, the reader should discuss his particular situation with a patent attorney before making any decision regarding his intellectual property rights and responsibilities. Charles C. Garvey, Jr., Patent Attorney** Gregory C. Smith, Patent Attorney* Seth M. Nehrbass, Patent Attorney Brett A. North, Patent Attorney Vanessa M. D'Souza, Patent Attorney Julia M. FitzPatrick, Patent Attorney** Mackenzie D. Rodríguez, Patent Attorney Julie Rabalais Chauvin, Patent Attorney Mark N. Melasky, Patent Attorney GARVEY, SMITH, NEHRBASS & NORTH, L.L.C. PATENT ATTORNEYS Three Lakeway Center, Suite 3290 3838 North Causeway Boulevard Metairie, LA 70002; U.S.A. Tel.: 504-835-2000; Fax: 504-835-2070 e-mail: [email protected] www.neworleanspatents.com Northshore Office: No. 7 Boston Commons 832 East Boston Street Covington, Louisiana 70433, U.S.A. Tel: (985) 635-6892; Fax: (985) 635-6972 *Northshore office **Northshore office also +not licensed in Louisiana US patent law has recently changed. Please check with us about first-inventor-to-file changes and the importance of filing patent applications early. © 1998-2016 GARVEY, SMITH, NEHRBASS & NORTH, L.L.C. PATENT ATTORNEYS PATENTS, TRADEMARKS, COPYRIGHTS, TRADE SECRETS CAVEAT: This paper contains general information about patents, trademarks, copyrights, and trade secrets, and is intended to make the reader aware of issues in intellectual property law. -
At the Crossroads of Tax and Patent Law Linda M
Masthead Logo Wayne State University Law Faculty Research Publications Law School 1-1-2008 Tax Patents: At the Crossroads of Tax and Patent Law Linda M. Beale Wayne State University Recommended Citation Beale, Linda M.. Tax Patents: At the Crossroads of Tax and Patent Law. 2008 U. Ill. J.L. Tech. & Pol'y 107, 148 (2008) Available at: https://digitalcommons.wayne.edu/lawfrp/365 This Article is brought to you for free and open access by the Law School at DigitalCommons@WayneState. It has been accepted for inclusion in Law Faculty Research Publications by an authorized administrator of DigitalCommons@WayneState. TAX PATENTS: AT THE CROSSROADS OF TAX AND PATENT LAW Linda M Bealet I. INTRODUCTION In the United States today, the tax practitioner community has belatedly become fully aware of the availability of patents for business method processes and financial transactions-including computer-driven processes that have tax- minimizing possibilities and even tax-advantageous methods of structuring transactions. The United States Patent and Trademark Office ("the Patent Office") has been granting business method patents for a number of years.1 State Street Bank & Trust Co. v. Signature FinancialGroup, a seminal case for business method patents, was perhaps one of the earliest tax-related patent decisions: the Federal Circuit held that a computerized system for managing mutual funds' ? ooling of investments through a tax partnership was patentable subject matter. In the decade since State Street, a number of business method patents with tax implications have been 3granted, and even more business method tax patent applications are pending. t Visiting Associate Professor, Boston College Law School and Associate Professor, Wayne State University Law School. -
Concept of Patent Insurance: Part 2 3-JUNE-2013
Concept of Patent Insurance: Part 2 3-JUNE-2013 From Our Website For Readers: In the preceding newsletter a generous attempt was made to www.hariani.co.in enlighten readers on the concept and types of patent insurance available at present. This write-up will throw some light on the existence of patent insurance globally. Supreme Court Backs The Right To Education Act 1. Universal Approach towards Patent Insurance Practical difficulties in slow evolution of patent insurance globally are as under: 1. Low level of indemnity, perhaps 200,000 Euros in large countries where costs Your View are highly variable. 2. Lack of awareness of insurance and low level of appreciation of patent utility. Please feel free to 3. Inadequate understanding of the limitation of a patent grant and the need to comment on this be able to litigate to enforce. newsletter. You can 4. Poor experiences in the past with conflict between insured and insurer. send us an email at 5. Bad press reports from professional bodies such as CIPA Restricted scope of [email protected] policies. 6. Low indemnity. 7. Need for complex and expensive evaluation of risk for insurers. 8. Burdensome restrictions and exclusions. 2. Global obstacles in pursuance of insurance on patents. Conventionally the Patent Litigation insurance has not been so successful in most of the economies which was backed by few reasons leaving such imperative insurance in a predicament for e.g.: High level of premium (for example averaging 20-50,000 Euros annually). Lack of statutes and amendments required for implementation of patent insurance.