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Patent trolls spell trouble for America’s economy
American Legislator ^ | 11-23-13 | Curt Bramble

Posted on 11/23/2013 3:15:08 PM PST by ThethoughtsofGreg

Our nation’s founders incorporated the concept of individual property rights — including intellectual property rights — into the Constitution because they knew that these rights spur innovation and help promote economic growth. However, patent assertion entities (PAEs), otherwise known as “patent trolls,” inhibit the innovation and economic growth that patents typically foster. Even more alarming, with the creation of government-sponsored patent trolls (GSPTs) — which are financially backed by a national government — patent trolls have gone global.

Patent trolls, which can either be companies or government-sponsored organizations, are entities that buy large patent portfolios — not to use the patents to create new products, but to generate revenue by filing meritless lawsuits against people who have allegedly infringed on their patents. These tactics are aggressive and often unethical, and the suits rarely have the evidence needed to win at trial. Defendants prevail in 92 percent of adjudicated patent troll-initiated lawsuits. Unfortunately, 86 percent of these suits settle out of court because patent trolls tend to target smaller companies and end users, which can rarely afford the lengthy litigation associated with these types of suits.

(Excerpt) Read more at americanlegislator.org ...


TOPICS: Business/Economy
KEYWORDS: economics; patents; property

1 posted on 11/23/2013 3:15:08 PM PST by ThethoughtsofGreg
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To: ThethoughtsofGreg

(Cough, cough, ******Apple*******, cough, cough)


2 posted on 11/23/2013 3:18:34 PM PST by Paladin2
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bmfl


3 posted on 11/23/2013 3:28:15 PM PST by Moltke (Sapere aude!)
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To: Paladin2

Hay. Microsoft too.
I think I’ll patent the English language. That way I
can control free speech.


4 posted on 11/23/2013 3:28:33 PM PST by Slambat
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To: Slambat

The Patent Office has lotsa ‘splainin’ to do too.


5 posted on 11/23/2013 3:31:46 PM PST by Paladin2
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To: ThethoughtsofGreg

Ping!


6 posted on 11/23/2013 3:39:13 PM PST by 4Liberty (Mr President 'If you Like your college transcripts...can we see them?')
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To: Slambat

“I think I’ll patent the English language. That way I
can control free speech.”

Copyrights are much stronger, last longer, easier to get, and are backed up by criminal statues.

Suppose you copyrighted a musical chord sequence. NBC did this with the musical notes associated with “N B C”.


7 posted on 11/23/2013 3:49:53 PM PST by babygene ( .)
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To: Paladin2

If we don’t dismantle the globalist scourge - by force if necessary - the world will see a thousand-year night.

Funny thing about Apple: I can trace the worlds worst scum on the net simply by watching their iphones :).


8 posted on 11/23/2013 4:18:16 PM PST by Hardraade (http://junipersec.wordpress.com/2013/10/04/nicolae-hussein-obama/)
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To: ThethoughtsofGreg

They troll, steal and then copy, Submit new applications with minor changes which seem to get fast-tracked to approval.

I submitted a patent application, and saw my idea in someone else’s application dated three months after mine. Yet theirs was approved four months later (seven months total), mine is still being reviewed after three years. They have already taken my idea and gone into production with it. I don’t have the resources to go after them for infringement.


9 posted on 11/23/2013 5:10:22 PM PST by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
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To: Ernest_at_the_Beach; blam; ShadowAce; Las Vegas Dave; martin_fierro; Swordmaker

Thanks ThethoughtsofGreg.


10 posted on 11/23/2013 6:00:05 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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FindTheBest destroys “matchmaking” patent, pushes RICO case against troll
http://arstechnica.com/tech-policy/2013/11/findthebest-destroys-matchmaking-patent-pushes-rico-case-against-troll/


11 posted on 11/23/2013 7:10:50 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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http://cdn.arstechnica.net/wp-content/uploads/2013/11/FTB.Lumenview.order_.pdf


12 posted on 11/23/2013 7:12:02 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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