Preventing the Patent Troll Toll

patenttrolls_final_david_saracinoAfter learning more through research about patents, the patent war, and the patent trolling that exists in today’s modern world, I can safely say the topic got me a bit more riled up than I thought it would. The issue is anything but dull. I recommend you take a look into it if you enjoy reading about business and law. Continue reading

White Paper Proposal #3: Patent Reform

For my last proposal, I investigated the societal side of the patent reform issue, and more specifically patent trolls. Obviously, innovation is, for the most part, a good thing for society. Patents exist in order for inventors to reap the spoils of creativity and efforts required to create a new practical product. It would be a crazy world if everyone could mooch off of the efforts of others. People would try less in coming up with new ideas. Continue reading

White Paper Proposal #2 on Patent Reform

This week I want to investigate patents from the lens of the businesses, using companies like Apple, Samsung, and Google as examples.  I want to discuss why these companies do or don’t want further patent reform, and how they abuse or lose out because of the current system. Critics of the current intellectual-property laws believe the US Patent and Trademark Office allows for too many patents which clogs the courts.

Many have heard about the Apple-Samsung case and outcome regarding patents on phones and tablets. As a business, it is in Apple’s best interest to run Androids and tablets off the market. They should do this in any way they can, using all of their resources. While part of that is making a better product, there is also no problem with them taking advantage of the system. Apple should not be looked at as the bad guy; they are just using the current patent system to their advantage.

Many companies believe that the back and forth patent wars over broad and abstract concepts stifles innovation. The more time spent in courtrooms and deliberating over whether a concept can be put to use means less time will be spent producing new and improved products for society and its consumers. Companies like Google have become archrivals with Apple since they launched their own mobile operating system. Now, patent battles have become more prevalent between the two.

I plan on going more in depth on how companies like Apple take advantage of the current patent system, and its overall effect on the business world and competition within it. After looking into this overall effect, and understanding strategy as well as the qualms with the whole patent process through the lens of businesses, I’d like to assess whether further patent reform is a necessity or not.

The Software Patent Dilemma

While Obama did pass the America Invents Act, nothing in the act addressed software patents. Software patents have been under heated debate for years. The debate is over where the line should be in terms of what software is patentable, whether saying software patents are too abstract is fair, and if innovation is encouraged or not by patents on software. Continue reading

White Paper Proposal 1: Patent Reform

For my White Paper, I plan on writing about patent reform in the United States. By 2011, the US Patent and Trademark Office could not keep up with the amount of patents coming in. This was the reason for legislative reform. There was a backlog of just fewer than one million patent applications, with it taking three years for these patents to make it through the system. This bottleneck in the system had the potential to cost the United States billions of dollars due to less innovation. In September of 2011, President Obama signed into law a legislative reform called the America Invents Act, which had been pushed for the past ten years. Continue reading

Bain, Bailouts, and Beneficiaries

From a utilitarian perspective, an ethical decision should be based on what the greatest good is for the greatest number of people. Are bailouts a good thing in this sense? Bailouts are essentially transferring assets from efficient uses to inefficient uses. In bailing out a company who is not making efficient uses out of its resources, money must be transferred from one more efficient and productive industry to another. In terms of total GDP of the economy, losses will exceed gains when a bailout occurs. Continue reading

Watch out, here comes the pipeline

Eminent domain is the power to take private property for public use by a state, municipality, or private person or corporation authorized to exercise functions of public character, following the payment of just compensation to the owner of that property. In layman’s terms, it is when people are kicked off of the land they own and paid for it by an organization. Continue reading