Many individuals complain about patent law, but have you ever asked yourself what would happen if patent laws did exist in our country? Do we still need patent laws taking into consideration the fast pace of technology? By the time someone gets a patent, they are probably well into production, and they are modifying their goods and services as they learn new stuff in the industry, and when this occurs Inventhelp Product Licensing has to continually be upgraded. The original patent filing becomes nothing more than a concept of what might be done. Much like the original outline for strategic business plan, when it is nothing more than a gleam in an entrepreneur’s eye.
Further, it’s tough to say if patents even matter anymore, due to international corporate espionage, and the fact that some of our latest trading partners are constantly stealing our intellectual property, copying our personal tech devices, hijacking our brands, and then selling these products worldwide. Large companies particularly in the technology field must move so fast, or they are going to get passed by the competition thus patents often are not worth the paper they were written on, nor will the patent assist the company protect itself using their competitors. (read: Bloomberg Business Week issue March 16, 2012, cover story; “Hey, China! Stop Stealing Our Stuff,” for additional insight).
Sure, the business can sue if somebody steals their idea, but when the lawsuit is over, that technologies have been leapfrogged 3 or 4 times, so it’s not relevant at that time. Patent law is interesting since it grants a temporary monopoly on that technology, which was completed to make it well worth the risk to buy new inventions. But now it seems it doesn’t really matter, and those corporations who are bringing forth technologies must bring them forth so quick the How To Prototype An Invention process is becoming burdensome, slow, and actually getting in the way.
The businesses don’t require a patent, what they really want is running speed in the industry, and this would provide more competition, and reduce prices for consumers and buyers of these technologies. That could raise the productivity of our own economy and become akin to an adrenaline shot. It appears unfortunate that on one hand our government tries to prevent monopolies, however with patent law it grants monopolies through the onset. It’s nearly as if we have a schizophrenic list of regulations, in fact it is impeding business.
Worse, for your smalltime inventor, they don’t hold the wherewithal or the money to defend their patents anyway. They might spend all their money acquiring a patent in the first place, but then another company steals it, or someone from China just takes it, starts making these items, and all of those funds they used on getting a patent, they may as well have spent getting their product ready for market. The smalltime inventor with the proper backers could possibly carry it to advertise, but that doesn’t negate the international competition, and it only means the smalltime inventor has no chance. Thus they must market it, give it away, or have it stolen.
If so, we aren’t protecting the smalltime inventor, and also the corporations don’t need our protection, nor should we need them busy fighting in the courtroom, they need to spend those resources moving ahead to the next generation of technologies. When we completely got rid of the patent laws altogether, what can change? Well, you could claim that everything would change, but that will iqpzlk prevent corporations and businesses, or entrepreneurs from taking risks in the industry provided that you will find buyers and sellers prepared to participate in trade of their hard-earned dollars those technologies.
As this concern is so complicated, and clouded with lawyers, laws, politics, corporate interests, international challenges, and regulations it’s just turned into a giant fiasco of biblical proportions, and that i would submit to you we are certainly not helping ourselves by continuing to legitimize this monster we’ve created. Either we need a total overhaul of New Invention Ideas, or we need to ditch everything, because it’s not stopping China from taking what they need anyway. May also have Americans copy Americans in that case. Indeed I really hope you are going to please consider this and think on.