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The good news for those who were otherwise disappointed in the Supreme Court's recent upholding of process patents in the Bilski case: courts are using that dec
by grellas 16y ago
The good news for those who were otherwise disappointed in the Supreme Court's recent upholding of process patents in the Bilski case: courts are using that decision to be more vigilant in striking down more and more flaky patents on the ground that they represent nothing more than attempts to gain a monopoly on abstract ideas (for a recent discussion of this trend, see http://ipspotlight.com/2010/08/19/district-court-rules-internet-advertising-patent-invalid-under-bilski/ http://ipspotlight.com/2010/08/19/district-court-rules-inter...). This gives hope that companies like Novartis, who have chosen to fight (and particularly to be proactive in launching the fight in Delaware as opposed to getting sucked into the Eastern District of Texas), may be well-positioned to get this sort of patent invalidated.
The bad news: Litigation abuses are today all too common and these are not likely to go away any time soon. In this sense, modern litigation actively encourages many forms of shake-down lawsuits, as every public company is painfully aware and as even many startups discover to their dismay as they begin to grow into larger ventures. Patent trolling is a particularly malevolent form of this vice and certainly makes you want to scream and, indeed, hope that some form cosmic justice will one day punish those who practice that particular art.
- jacquesm 16y agoIn conversation the CEO of a (very) large company in the US refered to it as 'a cost of business'. It's worked in to the cost of each and every product we buy. Sad, really.
- jamesaguilar 16y agoIt's a cost you can hedge against by owning shares in companies that use patents aggressively. (If you can stomach that morally.) I read a study one time that suggested patents did not stifle innovation in the macro because you typically have to be large and successful before you're targeted for infringing on them. The real cost is that many lawyers and judges are employed in the unproductive pursuit of resolving patent litigation when they could instead spend that in other professions making something of value. I wonder if anyone has any numbers on the total value of labor employed creating, licensing, attacking, defending, etc. patents and patent lawsuits in the world today.