Taction actually invented and sell this technology though, they aren’t just squatting on IP they bought. Not every patent lawsuit was filed by a troll.
The idea was giving inventor time to recoup their inventing costs and earn a wage, before copy cats swamped the market. The patent length is too long nowadays
The original justification for patents at least had some logic to it. In exchange for progressing the state of the art and telling everyone else how your new invention works you get a period of market exclusivity. There was/is the option to not patent ideas and keep them as trade secrets instead, at the risk of others figuring out your idea.
Unfortunately for all of us 20 years is a really long time for exclusivity at our current tech development pace and in no way are patents consumable information for laypeople. The nonsense filings that get granted and all the lawyers involved have turned it into yet another tool only available to the wealthy.
Taction actually invented and sell this technology though, they aren’t just squatting on IP they bought. Not every patent lawsuit was filed by a troll.
Patents have no right to exist, can’t lock down an idea
patents should exist, but only for a year or two if you aren’t using them.
The idea was giving inventor time to recoup their inventing costs and earn a wage, before copy cats swamped the market. The patent length is too long nowadays
The original justification for patents at least had some logic to it. In exchange for progressing the state of the art and telling everyone else how your new invention works you get a period of market exclusivity. There was/is the option to not patent ideas and keep them as trade secrets instead, at the risk of others figuring out your idea.
Unfortunately for all of us 20 years is a really long time for exclusivity at our current tech development pace and in no way are patents consumable information for laypeople. The nonsense filings that get granted and all the lawyers involved have turned it into yet another tool only available to the wealthy.