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: Comment by kwan_e
by unclefester on Fri 22nd Mar 2013 05:24 UTC in reply to "Comment by kwan_e"
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I think what we should have instead of patents is the government, or publicly funded NGO, pay for invention disclosures.

Totally impractical. It is virtually impossible to value many patents. The creator of this incredibly simple idea earned about $30m.

In contrast about $500m and over 30 years effort was wasted on this fiasco.

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