I love dreaming up patent law reforms. I think my favorite so far is related to the purchase of patents.
When a corporation purchases a patent, they are put on a 5 year clock to bring a product to market which materially includes the content of the purchased patent. After 4 years they are able to appeal for an extension by showing demonstrable towards market, but only twice (so they have 15 years total). If they do not bring a product to market, or are not able to satisfy the extension criteria, the patent reverts to the original creator without refund.
I love dreaming up patent law reforms. I think my favorite so far is related to the purchase of patents.
When a corporation purchases a patent, they are put on a 5 year clock to bring a product to market which materially includes the content of the purchased patent. After 4 years they are able to appeal for an extension by showing demonstrable towards market, but only twice (so they have 15 years total). If they do not bring a product to market, or are not able to satisfy the extension criteria, the patent reverts to the original creator without refund.
No… More… Burying… Innovation… That… Threatens… Your… Profits.