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The fundamental issue with our copyright and patents laws are the length of validity. This in turn breeds more issues (with patents in particular) encouraging f

The fundamental issue with our copyright and patents laws are the length of validity. This in turn breeds more issues (with patents in particular) encouraging frivolous patents because there is such a long potential return on investment period. I recommend we decrease patent durations of all varieties by about 50% (patents should never last longer than 10 years as they do now [0]). For copyrights, there is some merit to not allowing others to take over your work during the life of the author. But for anonymous works, works that have transferred ownership from the author, and for copyright terms after the death of the author, I would agree to a similar limit of 10 years of copyright. [0] https://www.justia.com/intellectual-property/patents/duration-of-patent-protection/#:~:text=Patents%20are%20classified%20as%20utility,date%20of%20the%20patent%20application https://www.justia.com/intellectual-property/patents/duratio....

account42 6y ago
> For copyrights, there is some merit to not allowing others to take over your work during the life of the author. Care to expand on that?
- Shared404 6y ago
  If I'm understanding correctly, they are saying that people shouldn't be able to take over a copyrighted work during the lifetime of the original creator. I would think this would make sense in some cases, like writing a story, and less sense in some others (software source code).
nabeelms 6y ago
Small nitpick here. For drugs, novel drugs in particular, 20 years is actually the required amount of time for the pharma companies to actually turn a profit. The patent applications are submitted as soon as a viable drug is discovered. After this, it requires 10-15 years of animal testing, clinical trials, etc with costs amounting to 100s of millions to billions of dollars before it can be brought to market. https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.25.2.420 https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.25.2.4...

account42 6y ago

> For copyrights, there is some merit to not allowing others to take over your work during the life of the author. Care to expand on that?

Shared404 6y ago
If I'm understanding correctly, they are saying that people shouldn't be able to take over a copyrighted work during the lifetime of the original creator. I would think this would make sense in some cases, like writing a story, and less sense in some others (software source code).

nabeelms 6y ago

Small nitpick here. For drugs, novel drugs in particular, 20 years is actually the required amount of time for the pharma companies to actually turn a profit. The patent applications are submitted as soon as a viable drug is discovered. After this, it requires 10-15 years of animal testing, clinical trials, etc with costs amounting to 100s of millions to billions of dollars before it can be brought to market. https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.25.2.420 https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.25.2.4...