Linked by Thom Holwerda on Wed 20th Mar 2013 23:43 UTC
Legal Countries are starting to get into the patent business; countries like France and South Korea are setting up patent entities to protect domestic companies. "Intellectual Discovery presents itself as a defensive alliance: if a South Korean company finds itself targeted in a lawsuit, for instance, it can access the patents being compiled by Intellectual Discovery to hit back." I support this. If, say, a small Dutch company were to come under unfair patent aggression by bullies like Apple and Microsoft (quite likely these days), I damn well expect my government to protect them from it. If you can't fix the system, work with it. As simple as that.
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RE[4]: Comment by kwan_e
by kwan_e on Fri 22nd Mar 2013 01:16 UTC in reply to "RE[3]: Comment by kwan_e"
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Further on the subject of scalability, under the proposed system, there is virtually no need for defensive patents, because inventors no longer own the invention once they get their payout. This reduces the amount of worthless invention disclosures being maintained.

It would also ease pressure off the courts, because there can be no infringement under the system. The inventor was compensated for their time and energy, and can no longer claim to be damaged by infringement.

On the subject of abuse, the proposed system was designed with the abuse in mind. The current patent system is desirable to abuse because patents are a potential source of perpetual income. The use of one time payments, however abused, has limited effect on society and the economy.

I think the one major cause of problems in the current patent system is the perpetual income aspect, and companies fight for longer and longer terms. It hurts both society and economy perpetually.

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