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Intellectual Property Law
: SIVACRACY .NET"In 15 months, two dueling business coalitions have spent $4.3 million lobbying on the [patent reform] legislation, which calls for the biggest changes in United States patent law in more than 50 years."
By Siva Vaidhyanathan
That's a sentence extracted from this NYT article. Here's another excerpt:
The number of patent applications ? 467,243 in 2007 ? has nearly doubled in the last 10 years and has more than tripled since 1987.
Jon W. Dudas, the under secretary of commerce for intellectual property, said: ?We are getting more and more unpatentable ideas, worse and worse quality applications. Historically, in the last 40 years, the allowance rate ? the percentage of applications ultimately approved ? hovered around 62 percent to 72 percent. It went up to 72 percent in 2000, but dropped to 43 percent in the first quarter of this year.?
A major impetus for the patent legislation is the desire of technology companies to limit the damage awards and legal costs they sometimes face when they are accused of infringing patents. Companies like Cisco and Palm say the disputes drain resources that could be better spent on research and innovation.
Full post as published by SIVACRACY .NET on April 29, 2008 (boomark / email).
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