Wednesday, June 05, 2013 1:41:57 PM
badgerkid: I believe you should read the report before calling the statement "window dressing". IMO the report's emphasis is on the more abusive litigation practices of some so called "patent trolls".
From the introduction to the report:
Firms that own patents but do not practice1 them can play a useful role in the innovation ecosystem. Firms that aggregate and manage patents can play an important intermediary role, bringing value to society by more efficiently matching inventors to patent users in an otherwise illiquid market, and by developing expertise in legitimately protecting patents from infringement. However, some litigation strategies may reduce incentives to transfer or commercialize technology by unwarrantedly raising potential innovators’ fears that they will be accused of patent infringement if they do so.
This report looks particularly at firms who do not practice the patents they own and instead engage in aggressive litigation to collect license and other fees from alleged infringers. A review of the evidence suggests that on balance, such patent assertion entities (PAEs) (also known as “patent trolls”) have had a negative impact on innovation and economic growth.
www.whitehouse.gov/sites/default/files/docs/patent_report.pdf
From the introduction to the report:
Firms that own patents but do not practice1 them can play a useful role in the innovation ecosystem. Firms that aggregate and manage patents can play an important intermediary role, bringing value to society by more efficiently matching inventors to patent users in an otherwise illiquid market, and by developing expertise in legitimately protecting patents from infringement. However, some litigation strategies may reduce incentives to transfer or commercialize technology by unwarrantedly raising potential innovators’ fears that they will be accused of patent infringement if they do so.
This report looks particularly at firms who do not practice the patents they own and instead engage in aggressive litigation to collect license and other fees from alleged infringers. A review of the evidence suggests that on balance, such patent assertion entities (PAEs) (also known as “patent trolls”) have had a negative impact on innovation and economic growth.
www.whitehouse.gov/sites/default/files/docs/patent_report.pdf
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