Stiflers of innovation, patent trolls use overbroad patents based
on dated technology to threaten litigation and bring infringement
suits against inventors. Trolls, also known as no practicing
entities (NPEs), typically do not produce products or services but
are in the business of litigation. They lie in wait for someone to
create a process or product that has some relationship to the
patent held by the troll, and then they pounce with threats and
lawsuits. The cost to the economy is staggering. In Patent Trolls:
Predatory Litigation and the Smothering of Innovation, William J.
Watkins, Jr., calls attention to this problem and the challenges it
poses to maintaining a robust rate of technological progress. After
describing recent trends and efforts to “tame the trolls,”
Watkins focuses on ground zero in patent litigation—the Eastern
District of Texas, where a combination of factors makes this the
lawsuit venue of choice for strategically minded patent trolls. He
also examines a more fundamental problem: an outmoded patent system
that is wholly ill suited for the modern economy. Finally, he
examines proposals for reforming the U.S. patent system, which was
created to spur innovation but today is having the opposite effect.
If legal reformers heed the analyses and proposals presented in
this book, the prospects for crafting a legal environment that
promotes innovation are favourable.
General
| Imprint: |
Independent Institute,U.S.
|
| Country of origin: |
United States |
| Release date: |
April 2014 |
| Firstpublished: |
April 2014 |
| Authors: |
William J. Watkins
|
| Foreword by: |
William F. Shughart II
|
| Dimensions: |
229 x 152 x 9mm (L x W x T) |
| Format: |
Paperback
|
| Pages: |
96 |
| ISBN-13: |
978-1-59813-170-3 |
| Categories: |
Books >
Law >
General
|
| LSN: |
1-59813-170-2 |
| Barcode: |
9781598131703 |
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