Get the Facts
Many Big Tech corporations, aka Patent Pirates, have determined that it is simpler to steal a patent owner’s idea, and drag out interminably any legal challenge in court, than it is to simply get approval for the use of an invention. They know they can use their wealth, legal resources and weakened patent laws to drag out legal proceedings until small inventors give up or go under.
To get away with the behavior more easily, they have created a story about so-called “Patent Trolls” that has obfuscated the real issues plaguing the patent system. They have perpetuated the notion that patent litigation is out of control and bad actors are abusing the patent system by maliciously suing innocent users of certain tech for patent infringement. By spreading this false narrative, they have found support in the courts and in Congress for changes that have weakened patent rights and the ability of inventors to protect their patented innovations. In fact, the patent litigation rate has remained virtually constant – hovering around 1.5% - for decades. The Patent Troll story is false, but it has big money behind it.
So why do Patent Pirates steal ideas?
Some corporations see patent owners as a competitive threat. They don’t want to let the next potentially disruptive idea come along and knock them off their dominating position. By infringing on a smaller company’s idea and taking it to market, they can kill the upstart competitor while growing market share.
Not only that, when the small company’s IP is particularly important to the big corporation’s business model, they can eliminate the inventor’s sunk costs of R&D investment and jump right to manufacturing and selling.
For more facts about patents, head over to the Innovation Alliance website to read Patents: Myths vs. Facts.
Big Tech has been funding a campaign trying to make patent holders out to be the bad guys and weaken patent protections in the U.S. Why are they doing this?
- To kill competition.
- To reduce or eliminate patent licensing costs
- To increase profit margins.
The STRONGER Patents Act was designed to help inventors by strengthening patent rights and providing certainty. What does the legislation do?
- Treats patents like any other property
- Permits injunctions to protect patent owners against infringement during and after court cases
- Ensures fairness in USPTO administrative proceedings, limiting repetitive and harassing challenges against inventors
- Ends diversion of patent application fees to other government spending
One of the bill’s sponsors, Representative Steve Stivers (R-OH) explains why he supports the legislation in this short video.