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2011 Award for most dishonest form of business goes to

January 9th, 2011

Dishonest patent litigation awardIn light of hearing the recent news that the website, WikiLeaks, has gathered confidential communications between the State Department and its many liaisons and plans on publishing it worldwide I have thought of a new yearly award we can hand out.

Well, between WikiLeaks and the unholy business of “patent trolls” buying off patents in order to use them solely as grounds for suing prospering business for patent infringement, I have gotten an idea! Let’s create an award identifying this years “Most dishonest form of business”.

Now I am sure we can sit here and think about many other candidates, but let’s get focused on pitching these two. First is WikiLeaks. Here is a business in which it’s sole purpose is to steal, bribe, cheat, and perhaps threaten life, to gather confidential, top secret type of information from national governments with the dastardly motivation to publish the info on the internet for all to see.

Doing this, of course, with the possibility of endangering military lives, or creating astronomical damage between nations, just for a profit. Then there are these “patent trolls” who represent the exact opposite of productive American business.

They, first, seek out struggling businesses, firms, or individuals who have no other choice but to sell their patent for whatever invention or product idea they have. Then, without any intention of ever manufacturing the patent idea, these “trolls” seek out successful businesses who have utilized some concept of their patented idea in order to sue them for patent infringements.

They are quite literally making money out of nothing. Looks like we have a couple of quality candidates for the award, right? Well then, drum roll please! And the winner is…

Patent Infringement Abuse Versus Innovation

December 25th, 2010

patent infringement east texas

East Texas Patent Attorneys

It’s as old as time. Good versus Evil, God versus all selfishness in man, North versus South, Batman versus Joker, and East Texas versus … innovation? It shouldn’t be limited to East Texas only; rather, it should be patent infringement abuse versus innovation.

But for the today, we should look at what East Texas’ possible part is in slowing do innovation. Although patent infringement cases themselves has only grown nationally a slight margin, the number of cases happening in the towns of Marshall, Texarkana, and Tyler has multiplied beyond belief.

And it is believed by some that there is an abuse of the legal system as companies are looking to profit off of patent infringement lawsuits, and this can stunt innovation and invention. This is especially true for what is being done by these so called “patent trolls”.

A “patent troll” is a company that looks to make its profit through gains earned through lawsuits versus other companies that has a product or technology that has infringed on their patent. The big catch, and what has attributed to slowing down innovation, is that many times these “patent trolls” look to buy patents off of others without any plan to manufacture the invention.

That in of itself is anti- productive, but what has further hindered the productivity is how these “trolls” as well as others have won an incredible amount of patent litigation cases. What does that have to do with innovation?

Well, either these companies have less money to invest in new technology or are hesitant to invest for fear of being targeted or even further, they don’t have the patent of an idea because one of these “patent trolls” holds it. And, unfortunately, East Texas has played it’s part based on a high rate of awarding cases to “patent trolls” and others.