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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

U.S. innovators dogged by money-grubbing ‘patent trolls’

The U.S. economy is driven by innovation, but unwelcome “patent trolls” are gunking up the system. Patent reform bills sit idle in Congress as the “trolls” set up companies for the sole purpose, critics say, of shaking down inventors while never creating anything. “We just have to write ’em a check so they’ll go away,” says one disgusted app maker. Economics correspondent Paul Solman reports.

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A Husband and Wife in Tech Are Pushing a New Weapon Vs. Patent Trolls in MA

By William Neilson Jr
As Seen In BostInno

“Patent troll” is a not-very-nice way to say “non-practicing entity”–a company that doesn’t own much except patents, and doesn’t do much except sue others for allegedly infringing them. But in the tech industry even lawyers use it. A husband-and-wife investor and tech lawyer are backing a proposal to put an end to it in Massachusetts. In an open letter, Founder Collective managing director Eric Paley called on Boston’s investors and entrepreneurs to support state Senate Bill 178, an act to curb what these patent trolls can do. So far, Paley’s change.org petition has just 93 supporters, but his open letter lists founders and executives from a few dozen of the most well-known technology companies in Massachusetts.

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