Word: patent
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Dates: during 2000-2009
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Toronto business partners Ian McDonald and Kerry Knoll and a lawyer friend, John Cocomile, had a novel idea. Patent suits are so expensive to litigate that if investors put up money to help independent inventors defend their rights, the inventors would probably be willing to share any award. The three were right on the money. The shareholders in their company, Patent Enforcement & Royalties, which trades on the Canadian Venture Exchange, are entitled to 50% of a $3 million January verdict against Land O'Lakes for infringing a New Yorker's patent of a low-fat coffee creamer. Three weeks...
Like rice with your onions? Get ready for another food fight. India wants to prevent the U.S. from selling its products as basmati rice, the fluffy, long-grained variety traditionally associated with South Asian cuisine. India has vehemently protested a 1997 U.S. patent granted to a Texas-based company called RiceTec for a genetically engineered variety of basmati developed in the U.S. India's rice crusade won support from demonstrators at the World Trade Organization conference in Seattle last year. And India even achieved rare solidarity with its regional foe, Pakistan, which also exports basmati rice...
Indian farmers believe the U.S. patent was intended to restrict American imports of their basmati rice and boost sales of RiceTec's products, which are sold under names like Texmati and Kasmati. RiceTec denies those claims and says it developed its rice for "American tastes." Indian basmati is a more delicate grain and has a stronger flavor than the shorter-grained Texmati. Still, Indian politicians have called for an international trademark on basmati that would restrict use of the label to rice that comes from the foothills of the Himalayas...
...Like rice with your onions? Get ready for another food fight. India wants to prevent the U.S. from selling its products as basmati rice, the fluffy, long-grained variety traditionally associated with South Asian cuisine. India has vehemently protested a 1997 U.S. patent granted to a Texas-based company called RiceTec for a genetically engineered variety of basmati developed in the U.S. India's rice crusade won support from demonstrators at the World Trade Organization conference in Seattle last year. And India even achieved rare solidarity with its regional foe, Pakistan, which also exports basmati rice...
...Indian farmers believe the U.S. patent was intended to restrict American imports of their basmati rice and boost sales of RiceTec's products, which are sold under names like Texmati and Kasmati. RiceTec denies those claims and says it developed its rice for "American tastes." Indian basmati is a more delicate grain and has a stronger flavor than the shorter-grained Texmati. Still, Indian politicians have called for an international trademark on basmati that would restrict use of the label to rice that comes from the foothills of the Himalayas...