Economists and analysts cite a number of studies that find "the more R&D a firm performs, the more likely it is to be hit with a patent lawsuit" and "associates lawsuits from PAEs with a decline of billions of dollars of venture capital investment." Patent trolls on the other hand, argue that the current system "is effective for promoting innovation." Fortunately for patent trolls and unfortunately for companies attempting to innovate, patent lawsuits are cheap to file but expensive to defend.
Congress has already tried and failed to reform patent law twice in the past 5 years. However, recent court battles and media controversy has alerted and informed both political parties and the three branches that patent reform is necessary, if just to provide transparency to the inner workings of patents and their trolls.
Hey Healy,
ReplyDeleteI like how you took the route in going straight into the battle against patent trolls -since there is a general consensus that there is a negative connotation against NPE's. My only suggestion is to potentially link some of these cases/decisions in the political realm.
Hi Healy!
ReplyDeleteI agree with Kimberly that you did a good job explaining the negative reputation that trolls have in the patent space. Maybe if you talk about concrete examples that have happened or are currently happening that would be great! Good work!
Good coverage of the events. Maybe in the future, it would be good to add a little bit on what your sources were, so the reader can follow up on what you're writing about. But this worked out really well. Nice job!
ReplyDeleteHola Healy! Thanks for your information on the patent troll problem at a government level. I would suggest that instead of giving information, also give your own personal opinion of the topic. But overall it was good.
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