Why There Are Too Many Patents in America

Why There Are Too Many Patents in America

11/7/2012

link

https://www.theatlantic.com/business/archive/2012/07/why-there-are-too-many-patents-in-america/259725/

summary

This article examines the issue of excessive patenting in America and its potential negative consequences. It argues that the current patent system is flawed, leading to an overabundance of patents that are often vague, overly broad, or of low quality. The article suggests that this glut of patents creates obstacles for innovation rather than promoting it. It discusses how patent trolls, companies that acquire patents solely for the purpose of suing other companies for infringement, contribute to the problem. The article also explores the economic impact of excessive patents, including the stifling of competition and the burden placed on small businesses. Overall, it presents a critical view of the patenting system in America and advocates for reform.

tags

patent system ꞏ intellectual property ꞏ innovation ꞏ patent law ꞏ american patents ꞏ patent trolls ꞏ patent reform ꞏ patent office ꞏ legal system ꞏ technology ꞏ innovation economy ꞏ patent litigation ꞏ patent infringement ꞏ patent abuse ꞏ patent holder ꞏ patent grant ꞏ patent examination ꞏ patent filing ꞏ patent portfolio ꞏ patent licensing ꞏ patent enforcement ꞏ patent policy ꞏ patent protection ꞏ innovation landscape ꞏ patent quality ꞏ innovation incentives ꞏ patent disputes ꞏ patent wars ꞏ patent rights ꞏ patent eligibility ꞏ patent examination process ꞏ patent backlog ꞏ patent challenges ꞏ patent system flaws ꞏ patent grants ꞏ patent validity ꞏ patent reform proposals ꞏ patent system reform ꞏ patent licensing agreements