IT’S A TRILOGY! (More on Patent Trolls…)

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While following up on our ongoing coverage of the proposed patent troll reform legislation snaking through Congress, we stumbled across the following article on CNN.com:
Opinion: Not all patent trolls are demons by Timothy Holbrook... Download .PDF to read further

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IT’S A TRILOGY! (More on Patent Trolls…)

  1. 1. IT’S A TRILOGY! (More on Patent Trolls…) -Kate Kotler, Writer March 5, 2014
  2. 2. While   following   up   on   our   ongoing   coverage   of   the   proposed   patent   troll   reform   legisla=on   snaking   through   Congress,   we   stumbled   across   the   following   ar=cle   on   CNN.com:   Opinion:  Not  all  patent  trolls  are  demons  by  Timothy  Holbrook   Duh,   some   of   them   are   homunculi!   (Patently   -­‐pun   intended-­‐   stolen   from  fusillade762  on  Fark.com)   The  crux  of  the  opinion  piece  is  that  while  the  media  is  busy  “demonizing”  Patent   Asser=on   En==es   (or,   PAEs,   the   polite   way   of   saying   “patent   troll”)   that   many   of   these  companies  actually  serve  a  valuable  business  purpose  and  are  one  of  the  only   solid   channels   bootstrapped   inventors   have   of   seeing   monetary   return   for   their   crea=ons:   Rules  of  a  Trilogy  (Scream  3) “What   is   lost   in   this   mudslinging   is   that   much   of   what   PAEs   do   is   laudable   —   paying   inventors.   Patents   don’t   grow   on   trees.   Someone   came   up   with   the   inven@on   and  incurred  considerable  expense  to  obtain  the  patent.  Many  inventors  can’t  bring   their  inven@on  to  market  themselves,  however,  so  selling  the  patent  may  be  the  only   way  for  them  to  make  money.  By  buying  these  patents,  PAEs  compensate  inventors,   one  of  patent  law’s  objec@ves.” Mobile Marketing Agency
  3. 3. While   this   is   an   interes=ng   flip   side   of   the   patent   troll   coin   to   consider,   it   seems   to   us   that   altruis=c   PAEs   comprise  a  small  minority  of  the  larger  patent  acquisi=on  community  and  while  Congress  should  consider  the   legi=mate  business  purposes  of  this  segment  (and,  make  sure  their  ac=vi=es  are  protected),  they  s=ll  should  go   aUer  reform  that  puts  the  kibosh  on  those  who  are  looking  to  exploit  the  system  solely  for  financial  gain.  IE:  Go   aUer  the  overly  li=gious  patent  trolls  with  low-­‐quality  patents.  Holbrook  agrees,   “Problems  arise  when  PAEs  sue  on  improperly  issued  patents,  ones  that  never  should  have  goHen  out  of  the  US   Patent  and  Trademark  Office.”   Unfortunately,   it   seems   -­‐such   as   in   the   case   of   PAEs   like   Chicago’s   own,   Anthony   Brown-­‐   that   most   rely   on   low-­‐ quality  patents  that  shouldn’t  be  li=gated  as  the  center  of  their  business.   So  where  do  you  draw  the  line  with  the  Innova=on  Act?  Do  nothing,  do  everything  or  work  harder  to  find  a   compromise…  ?  Well,  it’s  Congress,  so  we  can  only  venture  an  educated  guess  as  to  what  the  answer  will  be.   ! -­‐Kate  Kotler,   Writer Mobile Marketing Agency

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