Patent Reform Bill To Impede Independent Inventors
An important Patent Reform Bill (S.1145) is under consideration in the Senate, and it carries with it serious implications for independent entrepreneurs and small businesses. Topping my list of concerns:
- Those in the patent pending stage would be required to publish their patent applications, which could reveal trade secrets to others in various stages with their own applications.
- The bill calls for a reduction of damages against infringers, which makes infringement more alluring to the ethically challenged.
- It requires all applicants to submit a search and patentability analysis, which significantly increases costs.
In an article at IBLS.com, fellow Attorney Gerry Elman of Elman Technology Law, P.C. reports that there is a very good chance the bill will not pass. However, for the sake of all entrepreneurial inventors and small businesses, a call to your senators would further ensure the bill’s rejection.