In its May 30, 2017 decision in Impression Products v. Lexmark International, the U.S. Supreme Court expanded the scope of the patent exhaustion doctrine – a decision that could have substantial effects on patent owner rights, licensing practices, and what companies and consumers may do with products they buy. Ropes & Gray IP litigation counsel Matt Rizzolo (Washington, D.C.) and associate Henry Huang (Silicon Valley) discuss the Court’s ruling and its implications.