This is amusing, because the patents have already been declared invalid by one court...although it's obviously worth it, since if VirnetX wins they get $1bn plus.
Intellectual property is property. If you have a vacant lot that doesn't mean someone can take it and use it for something else.
Apple needs to wake up and start innovating again.
Are you using your car right now? I need to get somewhere so i think i am just going to take your car and use it because i want it and i will don't feel like actually paying you for it. It's cool though because even though you own it your not using it right now and people should be able to use what others people own.
VirnetX originally had 4 patents related to LTE. They have never used one to sell an actual product. They have over 100 now. Nothing they created, just bought up. 90% of their employees are lawyers.
They define the term "Patent Troll".
You are using a concrete example to make an analogy to an abstract idea. No, a vacant lot and an idea are not the same.
[doublepost=1523446511][/doublepost]
Why?
Patent law protects small startup companies, and those who invest in them. If you've never developed a novel product with unique technology and started a business, then you won't understand this at all. The business might fail for a number of reasons, but if the technology is valuable then the investment can be recovered through patent licensing.
Without a patent system, innovation would die.
If you have no products, your patents shouldn't hold up in court.
Really? So why don't you grab a couple of Apples unused patents & let's put your comment to the test.
You mean to say that the 1000's patents that Apple has, that aren't related to a watch, phone or computer, should be free game
So you work at Apple and are aware of every project going on right? This company literally makes NOTHING, there are no products. They will never produce anything. I know some people like to complain about Apple and it's ambiguous patents, but at least there is a real chance they will use them at some point.
that's one variant of a patent troll.
I'd imagine a company can still be a patent troll and still sell products. example: I'm Google. I see HTC is failing and willing to sell their company. I can buy all of HTC's patents and sue Apple for infringing on my newly acquired patents. This is also a patent troll.
This is amusing, because the patents have already been declared invalid by one court...although it's obviously worth it, since if VirnetX wins they get $1bn plus.
Intellectual property is property. If you have a vacant lot that doesn't mean someone can take it and use it for something else.
If you have no products, your patents shouldn't hold up in court.
There are energy brokers that buy oil and gas from one group and sell it to another group. They don't make oil or gar, nor refine it, themselves. Nothing they have created, just bought up.
There are bankers that take our money, invest it and live off the profits. They don't make money, they just use it. Nothing they created, just borrowed.
Sound familiar?
But if the legal definition of your vacant lot is worded in such a way as to most to mean one lot, but to some others (mostly get rich lawyers) to mean most of the town, but you only paid the vacant lot price, and you attempt to take control of most of the town using a corrupt legal process (say your bothers out of town court), then you would be a property troll, and rightly be seen as the scum of the earth.
Now of course property descriptions are not usually subject to this ambiguity, but thanks to inept lawyers in the patent office not having any idea about technology, we don't have this clarity with patents. Hence the ability to patent a "Buy Now" button and win. As long as we allow patents of the obvious and patents of stuff that has been in common use for years, there is nothing different than lawyers trying to sue for patents on bridges, for example. Its completely out of control. Most of these patents should never have been issued in the first place.
easy solution to most of this crap. Patents are provisional unless the company that owns it either makes their own product that uses the provisional patent or they license it to another company. At that point the real patent kicks in the provisional patent should only be valid for a very limited time (6 months-1 year) and allow for re-application for the patent .
Nope. Small businesses are often more at risk than large companies because it becomes too expensive to defend the patient in court. Small business invents something, creates a product around it, another pop-up business copies it, the first business sues, the second business folds (the first business getting next to nothing in the case), then the first business has to do it again with another group of people who decide to copy.
A small business just does not have the resources to protect their patients, especially against other pop-up, fly-by-night, small businesses (not even saying anything about trying to do business outside the country...).
easy solution to most of this crap. Patents are provisional unless the company that owns it either makes their own product that uses the provisional patent or they license it to another company. At that point the real patent kicks in the provisional patent should only be valid for a very limited time (6 months-1 year) and allow for re-application for the patent .
I think the answer is easy - be very strict about which patents are approved and do not allow the sale of patents.
If society breaks down because we tried to get rid of a little greed then so be it.
Apple tends to use such patents defensively, not offensively. They have a portfolio of patents that they can cross license when other companies require some licensing. Pretty sure Apple doesn't pursue every Tom, Dick and Harry about patents that it isn't actively using in one of its products. Apple have also OpenSourced quite a lot of things.Lol,..go and tell Apple that! With 1000's of unused patents it's a winner
Seems to be working fine.Nope - I do understand. I just think it's broken. Just a lot of wasted effort that doesn't help anybody.
Really? So why don't you grab a couple of Apples unused patents & let's put your comment to the test.
You mean to say that the 1000's patents that Apple has, that aren't related to a watch, phone or computer, should be free game
I don't like the "patent troll" business model, but, if I buy a business then I expect to monetize its assets. THAT is exactly what is happening with patent holding companies. There is nothing new in that concept.
What I really don't like is asserting patents of dubious value (if any) in the hopes of extorting a license vs the cost of a trial. This is what I believe VirnetX is doing. The number of patent suits arising from patent holding companies, that are then deemed invalid is quite large, and it appears this will happen with VirnetX's suits against Apple.