The U.S. patent system was designed for a specific purpose. It was designed to give the individual the right to own an invention, just like an author has the right to own a book, and it's there for an incentive. What that does is it incentivizes incredible risk-taking by thousands of inventors around the country all trying to do incredible things. Very few inventors make it, but the ones that do, change the world.
Monday, April 20, 2015 - 16:36
Thursday, April 16, 2015 - 16:19
Adding uncertainty and costs to getting and maintaining patents will be the largest single cost of the decline of innovation and therefore the economy in this country that I've seen in my lifetime.
- Representative Thomas Massie
Tuesday, March 24, 2015 - 21:09
Friday, March 20, 2015 - 16:54
“As Congress considers legislation to address abusive patent litigation, we believe it is imperative that your decisions be informed by reliable data that accurately reflect the real-world performance of the U.S. patent system.” – Letter from top economics and law professors
Tuesday, March 3, 2015 - 12:47
Today, Senator Chris Coons (D-DE) introduced the STRONG Patents Act of 2015, a bill aimed at reducing patent litigation abuse while strengthening the patent system itself in order to sustain American leadership in innovation.
Among other measures, the bill would: