"The proposed Patent Reform Act will therefore weaken the rights of U.S. patent holders, whoever they are, and wherever the offending company is, period. Moreover, it will have a ripple effect in international patent offices and courts, thus further weakening the patent rights of U.S. companies overseas."
if the chinese cannot invent it ~ they will steal it and send knock offs to the US...of ocurse the lib/dems think this is great and don’t worry ~ when b. HUSSEIN is POTUS - he will talk with the chinese!!!
As a holder of several U.S. utility patents, I can attest that stealing patents today is easy to do. Here’s how it works:
1. Inventor spends tons of money developing technology and obtaining patent.
2. Inventor spends tons of money beta-testing, developing markets, business models, etc., etc.
3. Big Japanese company steals patent and markets your product, while saying “sue us”.
4. Inventor spends > $400K on patent prosecution lasting years, while overseas firm saturates market with your patented product, and pocketing money
5. After years in court, inventor wins. No damages are allowed or retroactive moneys.
6. Inventor is allowed to keep money from sales only after the date of the judgement, however the product lifecycle is up, and the foreign firm has already patented the second generation product from the original.
American inventor = screwed
Japanese firm = wealthy
Trust me, that’s exactly how it works.
I’m not generally supportive of more regulations....
but since pharma is so subject to FDA, their considerations for patents should be treated differently than computer technology.
Interesting. Thanks for posting. Thanks to all contributors to this thread.
There's the tell. Neither a court nor a lawyer is ever the first line -- or even second or third line -- of defense for promoting progress in technology and science. What are the REAL defenses?
(1) The free flow of information.
(2) The nurturing of the creative.
(3) The freedom from fear of punishment when one uses or applies creativity.
It is the nature of human institutions to hammer down upon the truly creative and innovative, the "different". And few human enterprises do that as well and with such power as the courts.
Companies who are creative and innovative do not succeed because of patents -- they succeed despite them.
FYI
btt
The article is dead on, leftists and anti-capitalists the world over are working hard to weaken US intellectual property laws, to help build their “fair” utopian pipe dream society. Most of them never built a single original thing either, which explains their thinking.