Distinguished Judge Richard Posner has written a short article on Slate.com regarding patents and Patent Trolls, and it is clear that he is not happy with the current patent system and Patent Troll litigation.
He offers 3 key remedies:
1. “….make the granting of a patent contingent on producing the product or process that incorporated the invention, within a specified time. This would reduce the troll problem, by clearing out patents that are obtained to extort license fees rather than to produce products or processes.”
2. ” Vary the length of patent protection…from industry (or industrial sector) to industry, ranging from no protection at all to 20 years of protection, or even more, for pharmaceutical drugs.”
3. Seek and train “…volunteers among federal district judges to take on more than their share of the patent cases filed in their districts.”
But Posner admits that these remedies are not a complete answer to the Patent Troll problem.
What do you think?
Here is a link to the complete article which is well worth a read: http://www.slate.com/articles/news_and_politics/view_from_chicago/2012/10/patent_protection_how_to_fix_it.html