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At the same time, patent infringement litigation has been filling headlines daily.
For the last few weeks, inventors who have completed their research have been able to file an application electronically -- though only four had done so the last time patent agency officials checked the new system.
However, despite the fast-paced legal development of intellectual property insurance in general, for a long time, patent insurance has not seemed to have gained much support from companies holding patent assets.
At the same time, patent law's general rules must govern inventive activity in many different fields of human endeavor, with the result that the practical effects of rules that reflect a general effort to balance these considerations may differ from one field to another.
The result has been a series of messy and expensive court battles, and growing doubts about the effectiveness of patent systems as a spur to innovation, just as their importance should be getting bigger (see article).In 1998 America introduced so-called "business-method" patents, granting for the first time patent monopolies simply for new ways of doing business, many of which were not so new.
At that time, patent law sounded very interesting, but I did not consider it as an option for myself.
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By free up otherwise billable time, patents attorneys can focus more on higher value work such as claim crafting, strategic counselling, and patent portfolio design.
"The technology was compelling, but at the same time, patents have a lifetime," he says.
Our findings have several implications for standard-setting organizations, patent offices, and policymakers, as the inclusion of just-in-time patents may reduce competition and market entry, increase prices, and unnecessarily complicate the technological content of standards.
Analyzing original data of a large standardization process, we demonstrate how many companies use a strategy we call "just-in-time patenting": They apply for patents of low technical merit just before a standardization meeting, and then send the patents' inventors to the meeting to negotiate this patented technology into the standard.
Any time a patent holder makes a patent infringement claim, the sustainability of the claim will depend on the validity of the patent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com