A bill to modify the application of the antitrust laws so as to encourage the licensing and other use of certain intellectual property.
Intellectual Property Antitrust Protection Act of 1987 - Provides that agreements to convey rights to use, practice, or sublicense a patented invention, rights to use or sublicense a trade secret including related know how, or rights in a copyrighted work or mask work shall not be deemed to be illegal per se under the Federal antitrust laws or similar State laws. Limits the amount a person may recover in an antitrust claim based on such an agreement to the actual damages sustained, specified interest, and the cost of suit, including a reasonable attorney's fee.
Introduced in House
Introduced in House
Referred to House Committee on The Judiciary.
Referred to Subcommittee on Monopolies and Commercial Law.
Subcommittee Hearings Held.
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