Recent Case Law And Legislation Have Killed Patents
February 11, 2014, 11:25 AM EST
Law360, New York (February 11, 2014, 11:25 AM EST) -- Patents are dead. The careless rush to solve the "patent troll" problem has led to bad policy decisions. The unintended consequence of U.S. Supreme Court decisions and recent congressional action is to kill patents. The exclusivity afforded patents has been progressively diminished to the point that patents are no longer property. They are ever-more expensive, but offer ever-fewer rights. If the trend continues, there will be a significant negative impact on the U.S. economy.
Conventional justifications for obtaining patents no longer apply. Payment of the applicable...