Welcome to Small Business Labs

Emergent Research

  • EMERGENT RESEARCH is focused on better understanding the small business sector of the US and global economy.

    Featured in Alltop

Authors

  • The authors are Steve King and Carolyn Ockels. Steve and Carolyn are partners at Emergent Research and Senior Fellows at the Society for New Communications Research. Carolyn is leading the coworking study and Steve is a member of the project team.

Disclosure Policy

  • Emergent Research works with corporate, government and non-profit clients. When we reference organizations that have provided us funding in the last year we will note it. If we mention a product or service that we received for free or other considerations, we will note it.
Blog powered by Typepad
Member since 01/2005

« Yahoo Finance on Anytime, Anyplace Work | Main | The Shifting Career Blog and Corporate SOHO Hybrids »

October 15, 2007

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Lawsuit Loans

Patent lawsuits are extremely expensive. Yeah. This is true.

Consuelo25Harding

Specialists argue that mortgage loans help people to live their own way, because they can feel free to buy needed things. Moreover, a lot of banks give college loan for all people.

Invertir Dinero

Hello guys I'd like to know the main differences between Small Business and big business because I want to start it

Steve King

Chille:

Thanks for letting me know about the broken link, which is now fixed.

Steve

Chille

The link to Up and Running doesn't seem to work?

Steve King

Anita:

You are so right, the patent system is a mess. Making this worse, of course, is the patent trolls. There are even hedge funds that now invest in patent litigation.

A few hedge funds have teamed up with law firms to find/acquire patent holders and sue. The hedge fund gets a share of the revenue stream generated by the legal action.

Unfortunately there is no easy way to defend against the trolls. And of course the trolls also don't want to end up in court - it is too expensive. So the trolls tend to ask for relatively small royalties and, as you mentioned, the companies end up settling. And because of this, more frivolous patent suits are filed.

As you say - a nice racket.

Steve

Anita Campbell

Hi Steve,

Of course, the flip side of patents is that they have become far too easy to get by unscrupulous players who exploit the patent examiners' lack of understanding of technology, especially in the area of Internet-related technologies and business processes.

You have patents suddenly being issued, with far too-broad coverage, for obvious things that have been widely used for years. Then those unscrupulous players ("patent trolls") turn around and use the patents as weapons. Many of these patent trolls are not even operating companies -- their entire business model is to exploit the system, get patents and sue everyone in sight.

I know first hand of this happening in an industry I had been involved with in my past, where the company I worked for had a patent issued a dozen years ago (the patent preceded my time there, even). I was amazed to learn recently that some patent troll came along a decade later, managed to confuse a patent examiner and got a broadly-worded patent, and is now suing the first company that actually invented the product and had its own patent on it a decade before!!!

Most of the companies this troll has sued have caved and settled.

All I have to say is, "what a nice little racket."

There's something wrong with a system that allows this to happen.

Anita

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)

Emergent Research in the News


Powered by Rollyo