By William J. Watkins,William F. Shughart II
Stiflers of innovation, patent trolls use overbroad patents according to dated know-how to threaten litigation and produce infringement matches opposed to inventors. Trolls, often referred to as nonpracticing entities (NPEs), regularly don't produce product or service yet are within the enterprise of litigation. They lie in look forward to anyone to create a technique or product that has a few courting to the patent held via the troll, after which they pounce with threats and complaints. the associated fee to the economic system is astonishing. In Patent Trolls: Predatory Litigation and the Smothering of Innovation, William J. Watkins, Jr., calls realization to this challenge and the demanding situations it poses to retaining a strong expense of technological growth. After describing contemporary traits and efforts to “tame the trolls,” Watkins makes a speciality of flooring 0 in patent litigation—the jap District of Texas, the place a mix of things makes this the lawsuit venue of selection for strategically minded patent trolls. He additionally examines a extra basic challenge: an superseded patent method that's absolutely sick suited to the fashionable financial system. ultimately, he examines proposals for reforming the U.S. patent method, which was once created to spur innovation yet this day is having the other impact. If felony reformers heed the analyses and recommendations awarded during this ebook, the customers for crafting a criminal setting that promotes innovation are favorable.
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