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> The fact is to the company and the current legal climate around patents I can assure you each of those patents are worth more than the $$$ they where paying o
by throwitaway2 8y ago
> The fact is to the company and the current legal climate around patents I can assure you each of those patents are worth more than the $$$ they where paying out.
That's utter nonsense. Most patents are absolutely worthless. Even the odd patent that you might find, where you can litigate still requires a risky and costly litigation process.
It's more likely that the company paid too much money to generate too few valuable patents, which is why they scaled back the program. Now that they did find one that is somewhat valuable to them, they want it and they tasked this poor middle manager to get it. But they're also not willing to spend more than 25,000$ on it. So how can this patent be that valuable? It just isn't.
- syshum 8y agoCouple things 1. I assume that processes or advancements related to the patent actually do improve the business function or process, that alone probably makes the pay out worth it. I know a few companies that have process improvement programs where employees can earn more than the person in this story if they successfully submit an idea that does something to improve the companies process, reduce costs, etc. has nothing to do with patents 2. The value of software patents today is NOT to litigate against other companies, companies fill out their software and other IP today to protect themselves FROM litigation, if a company finds themselves on the wrong end of a litigation their own patent portfolio is ammo both offensively (counter-suite) and defensively
- ecpottinger 8y agoAgain, if the patent is so worthless, why spend so much effort to get it back?