The New York Times (December 1, 2013)
2013/ 12/ 02 by jd in Global News
Theoretically “patents provide an incentive for inventors to generate new products and services by giving them a temporary monopoly on their creations.” Over little more than a decade, however, patent applications have more than tripled to 576,000 in 2012 and “the Patent and Trademark Office appears to have granted many that are overly broad or vague.” The result has been frivolous lawsuits filed by patent trolls. Currently proposed legislation in Congress will help reduce the frivolous lawsuits, but it doesn’t “directly address the underlying problem of vague and overbroad patents.”
Tags: Applications, Congress, Frivolous, Inventors, Lawsuits, Legislation, Overbroad, Patent and Trademark Office, Patent trolls, Patents, Vague
