Many individuals complain about patent law, but have you ever asked yourself what would happen if patent laws did exist in our country? Do we still need patent laws thinking about the fast pace of technology? When someone gets a patent, they are probably well into production, and they are modifying their products and services as they learn new things in the marketplace, and at that point Inventhelp Successful Inventions must continually be upgraded. The original patent filing becomes nothing more than a concept of what might be done. Almost like the original outline for strategic business plan, when it is nothing but a gleam in an entrepreneur’s eye.
Further, it’s hard to say if patents even matter anymore, as a result of international corporate espionage, and the truth that a lot of our latest trading partners are constantly stealing our intellectual property, copying our personal tech devices, hijacking our famous brands, then selling the products around the globe. Large companies specifically in the technology field must move so quick, or they will get passed through the competition thus patents often usually are not really worth the paper these were written on, nor will the patent help the company protect itself using their competitors. (read: Bloomberg Business Week issue March 16, 2012, cover story; “Hey, China! Stop Stealing Our Stuff,” for further insight).
Sure, the company can sue if someone steals their idea, but by the time the lawsuit is over, that technology has been leapfrogged three or four times, so it’s not even relevant at that point. Patent law is interesting as it grants a short-term monopoly on that technology, and also this was completed to really make it well worth the risk to invest in new inventions. But now it seems it doesn’t really matter, and those corporations who definitely are bringing forth technologies must bring them forth so quickly the How To Patent A Product Idea process has become burdensome, slow, and also getting in how.
The businesses don’t need to have a patent, what they desire is running speed in the marketplace, and this would provide more competition, and lower prices for consumers and buyers of such technologies. Which could increase the productivity of our economy and be similar to an adrenaline shot. It appears unfortunate that on one hand our government attempts to prevent monopolies, however with patent law it grants monopolies from the onset. It’s nearly as if there exists a schizophrenic list of rules and regulations, and it is impeding business.
Worse, for that smalltime inventor, they don’t possess the wherewithal or the money to guard their patents anyway. They may spend each of their money obtaining a patent in the first place, but then another company steals it, or someone from China just takes it, starts making this stuff, and all of that cash they spent on acquiring a patent, they could too have spent getting their product ready for market. The smalltime inventor using the proper backers could possibly bring it to promote, but that doesn’t negate the international competition, and it also only means the smalltime inventor has no chance. Thus they must sell it, provide away, or get it stolen.
If so, we aren’t protecting the smalltime inventor, as well as the corporations don’t need our protection, nor can we need them busy fighting in court, they need to spend those resources moving ahead to the next generation of technologies. When we completely got rid of the patent laws altogether, what would change? Well, you can state that everything would change, but that will iqpzlk prevent corporations and businesses, or entrepreneurs from taking risks in the marketplace provided that you can find sellers and buyers ready to partake in trade of the hard-earned dollars those technologies.
Since this problem is so complicated, and clouded with lawyers, laws, politics, corporate interests, international challenges, and regulations it’s just transformed into a giant fiasco of biblical proportions, and I would submit for you that we are not helping ourselves by continuing to legitimize this monster we’ve created. Either we must have a complete overhaul of Patenting An Idea, or we need to ditch the whole thing, because it’s not stopping China from taking what they need anyway. May too have Americans copy Americans if so. Indeed I hope you will please consider all this and think on.