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Definitely the patent system has some issues. It certainly offers way too many protections with far too few checks. But there seem to be some strong assumptions
by kmacdough 4y ago
Definitely the patent system has some issues. It certainly offers way too many protections with far too few checks. But there seem to be some strong assumptions here.
> patent trolls are pretty much the only way for a "small inventor" to monetize a patent
In the current system, yes, but in general no. The outcome is tied to the "litigation costs" precisely because the patent office is underequipped, leaving the burden of investigation on individuals. Strengthening the authority, and actively prosecuting and penalizing patent troll behavior increases both cost & risk, while cutting income. Your investigative authority doesn't need to be perfect - just better - to significantly change trolling economics.
> because IBM will either drown you in litigation cost ...
IBM is one of the longest standing patent troll companies and these are cookie cutter patent troll tactics. Good anti-troll legislation dilutes this by strengthening the investigations.