3 ms·
I'm sure I'll get a backlash here for supporting this guy, but the system he publicly advocates would be a much better functioning patent system than the curren
by frederickcook 17y ago
I'm sure I'll get a backlash here for supporting this guy, but the system he publicly advocates would be a much better functioning patent system than the current one.
Currently, the average lawsuit between a large and small company over an IP dispute is around $1.6M. The result is that only large companies can play the patent game, and will simply infringe on smaller companies.
If IV can level the playing field by aggregating these patents and taking on that lawsuit risk, that should theoretically reduce the likelihood (or at least the cost) of an IP lawsuit, making the system more efficient.
- jackfoxy 17y agoThat's also the starting cost of a lawsuit between a big company and another big company. We are currently not moving forward with some development our customers are requesting because of a ludicrous patent held by a subsidary of a large company.
- ash 17y ago$1.6M for the lawsuit? Is it just a payment to lawyers? Why so expensive?