Authored by Michelle Carniaux and Michael E. Sander
New business models are often risky, and those based on patents are no exception. When we last wrote about Iron Dome LLC (“Iron Dome”), we discussed their novel (alleged) business model of offering to forego their right to file petitions for inter partes reviews against specific patents owned by patent assertion entities (“PAE”) in exchange for a transferable license to the patents. We already reported that Iron Dome filed IPRs against patents owned by Chinook Licensing (IPR2015-00055) and e-Watch, Inc. (IPR2014-00439), allegedly after their offers were rebuffed. Iron Dome’s petition for IPR against e-Watch was granted.