{"id":3039,"date":"2018-02-25T18:50:19","date_gmt":"2018-02-25T23:50:19","guid":{"rendered":"http:\/\/sites.nd.edu\/entrepreneurlaw\/?p=3039"},"modified":"2018-02-25T18:51:07","modified_gmt":"2018-02-25T23:51:07","slug":"effect-of-patent-trolls-on-innovation","status":"publish","type":"post","link":"https:\/\/sites.nd.edu\/entrepreneurlaw\/2018\/02\/25\/effect-of-patent-trolls-on-innovation\/","title":{"rendered":"Impact of Patent Trolls on Innovation"},"content":{"rendered":"<p>This <a href=\"http:\/\/www.slate.com\/articles\/business\/the_dismal_science\/2012\/04\/patent_trolls_how_they_stifle_innovation_.html\">article<\/a>\u00a0talks about how patent trolls can stifle innovation in entire economic sectors.\u00a0 It uses the healthcare space to demonstrate how one patent troll severely delayed innovation in the digitization of medical records.\u00a0 Patent trolls gain their leverage by buying vague patents from other small entities, where the patents encompass large portions of an economic space.\u00a0 The trolls then sue companies infringing on these patents and that effectively brings R&amp;D in those areas to a standstill at the company.\u00a0 The reason for the standstill is that even if the troll&#8217;s case has no real merit, if the company somehow loses the case it is liable for &#8220;willful infringement&#8221; and triple the damages because it continued to participate in work that infringed on the patent at issue during the case.\u00a0 While it&#8217;s clear to see the damages this has done to large companies, the patent trolls hold that what they do is protect the rights of small level inventors from being bullied out of the market by larger companies who infringe on their patents.\u00a0 Which side do you take, and do you feel that our patent system is designed too much in the patent litigant&#8217;s favor?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article\u00a0talks about how patent trolls can stifle innovation in entire economic sectors.\u00a0 It uses the healthcare space to demonstrate how one patent troll severely delayed innovation in the digitization of medical records.\u00a0 Patent trolls gain their leverage by buying &hellip; <a href=\"https:\/\/sites.nd.edu\/entrepreneurlaw\/2018\/02\/25\/effect-of-patent-trolls-on-innovation\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2888,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3039","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/3039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/users\/2888"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/comments?post=3039"}],"version-history":[{"count":2,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/3039\/revisions"}],"predecessor-version":[{"id":3041,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/3039\/revisions\/3041"}],"wp:attachment":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/media?parent=3039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/categories?post=3039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/tags?post=3039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}