Linked by Thom Holwerda on Thu 5th Jul 2012 23:07 UTC
Legal Since I want to get this out of my system: here's a set of proposals to fix (okay, replace) the current failing patent system. No lengthy diatribe or introduction, just a raw list.
Permalink for comment 525517
To read all comments associated with this story, please click here.
Good, but...
by transami on Fri 6th Jul 2012 00:11 UTC
Member since:

I am glad you are creating conversation about patent reform. Hopefully continued conversation can get tje snowball rolling.

There are however serious weaknesses with many of your proposals. I will just point out one. To reduce the holding term to 5 years would be a disaster. If anything they should extend the length. This allows costs to be amortized over longer periods. If an invention is very expensive to create and the window of profitability too short, there will be no incentive to develop the invention, thus defeating the whole purpose of the system.

I do agree with you that there needs to be some mechanism to ensure market availability of inventions. One of the worst practices of companies (especially fossil fuel industry) is to gain ownership of technologies and squirrel them away so no one can utilize them. We can't prevent the resell of patents, but we could require fair market value access.

Reply Score: 2