Extortionist Demand Letters are Wrecking Public Confidence in the U.S. Patent System

27 11 2014

The greatest long-term threat to the U.S. patent system does not come from its professional opponents – those large businesses and their political allies who stand to profit from enfeebled patent rights. A deeper harm is caused by unscrupulous patent trolls who use extortionist “demand letters” to victimize small businesses. Yet even as damage caused by demand letters spreads, most legitimate patent licensors whose businesses depend upon continued legislative and public trust stand idly by, doing little or nothing to address it. Well-insulated within the patent industry’s cozy professional bubble, we are, in effect, fiddling like a modern-day Nero while innovation’s Rome burns.

The content in this post was found at http://www.ipwatchdog.com/2014/10/26/extortionist-demand-letters-are-wrecking-public-confidence-in-the-u-s-patent-system/id=51811/ and was not authored by the moderators of freeforafee.com. Clicking the title link will take you to the source of the post.



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