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EBay Agrees to Buy Patents From MercExchange, Settling Long-Running Dispute
EBay has settled a seven-year patent dispute that prompted an important intellectual property ruling from the U.S. Supreme Court by agreeing to buy three MercExchange patents it had been accused of violating with its "Buy It Now" feature. MercExchange had hoped to win a court order preventing eBay from continuing to use the technology, but the U.S. Supreme Court ruled in 2006 that judges do not necessarily have to block a technology from being used when a jury finds a patent violation.