“So-called ‘patent trolls’ can earn millions of dollars by being a costly thorn in the side of companies like Apple,” Neil Hughes reports for AppleInsider. “Now, the governments of countries including South Korea and France have shown interest in getting into that business to protect domestic firms, and also potentially make money.”
Hughes reports, “South Korea’s Intellectual Discovery and French firm France Brevets are companies similar to U.S. companies that acquire patents and secure licensing deals for those inventions without actually selling any products. But a key difference revealed by Reuters on Wednesday is the new companies were launched by their respective country’s own governments.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Jax44” for the heads up.]
Ah, protectionism; there goes world wide trade.
The new Global Economy of lawsuits, and of course parasitism. 😛
Looks like the good ‘ol USA should do likewise and kill all European and Asian, etc. inventions. It’s the least you can do for mankind, yah?
To hell in a hand basket, I tell ya………
Sometimes I get the sense that our modern economy is all about grabbing all the cash possible before the bottom falls out permanently. Desperation is the order of the day.
So foreign governments are using US law against US companies. Sounds like patent reform could solve this problem.
Another source of the problem is the Patent Office that have been infamously poorly run for decades. The entire system of how patents are granted is slow, incompetent and corrupt. Tear it down and force a sane, efficient, effective system. It could happen!
Where does the queue end?
I would like to join it too!!!
I have lots of ideas I would like to patent as prior art going back to when I was a baby.
In fact the idea of government was mine when I was a Greek philosopher! ( I am Plato reincarnated) Please Greece, set up a consortium to secure all my ideas on how to run governments and society’s!!
Let’s keep this quiet so the 50 attorney’s general do not try to get in on this money grab.