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A Look Forward on Patent Reform

As seen on Medium

Our nation’s patent system has been in need of serious reform for many years. So-called “patent trolls” — entities that don’t actually make or sell anything but that instead buy patent licenses merely to extort settlements — have become a serious drain on our economy. According to one study, patent trolls and their frivolous lawsuits cost our country nearly $80 billion per year.

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IPR Successes: Realtors Association Defends Its Members Using IPR

When you buy a house, it’s nice to know where the local schools are, where the closest park is, where a nearby grocery is.  So realtors commonly embed tools on their websites to show you a map of these “points of interest” in the area around a house for sale.

Unsurprisingly, using technology leads to non-practicing entities suing the realtors.  In this case, a pair of Texas-based realtors.

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Past News

Exclusive: Spotify Under Attack from Suspicious ‘Patent Troll’ Venadium LLC…

By Daniel Adrian Sanchez
As Seen In Digital Music News

Almost nothing is known about Venadium LLC other than an address that appear on court documents. Search engine results only turn up other large companies Venadium has sued, with exactly similar filing dates, making it likely that Venadium is only a company created to sue on the basis of a vague patent claim. These companies often earn the dubious award of being known as “patent trolls,” of which Venadium may qualify within frustrated tech circles. The Eastern District of Texas is a well-known breeding ground and lawsuit haven for dubious, ‘patent troll’ type cases, with an 88% win for plaintiffs in patent infringement lawsuits, compared to a nationwide average of 68% (at least back in 2006).

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How the Current Patent System Actually Hurts Inventors

By Nick Skillicorn
As Seen In Inc

I want to get this out of the way right now. Because it’s the most depressing part of the patent system, and is actually hurting small companies trying to build innovative new businesses. The problem is that the system allows companies to get patents to which they are not actually entitled. And then use those patents to sue other companies who are actually working in that space! These companies are called “Patent Trolls”. They are usually shell corporations, that either file for a whole host of incredibly vague patents under the hope that some of them will be approved, or by buying up other vague patents. They then use these vague, fraudulent patents to sue companies which are small enough to not be able to defend themselves, or companies who will just want to settle immediately.

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