A patent is a set of exclusive rights granted to the innovator to guard his interests for the following two decades or so, when no one can copy the product or has to pay royalties to do so. The complete framework behind this was to guarantee the innovator gets monitory and first mover advantages for his research and development, to ensure folks have incentives to do more research and new technologies keep coming in markets for the welfare of humanity. Little did the creator of patents law knew that it will be utilized to hinder the growth, create monopolies, utilized to backfire/compress or terminate competitors and as a medium to earn riches.
But, it provides degraded to a level where a company can just discuss out new features and file Inventhelp Inventions for the very same. The effect is many companies earning millions and millions not because they manufacture such quality products, simply because these people were the first one to think about an understanding. Today’s MNCs don’t shy away in extracting exorbitant amount in royalty fees, licensing fees, court claims and settlements. A single new product brings about usage of a large number of old patents (using their licensing fees) and introduction of two dozen more patents. A patent is not really said to be for how you scroll content with an iPhone or the quantity of image processors inside a single Kodak camera. Of course the patent could be for that piece of hardware, the circuit or perhaps the code written. But, if somebody else has the capacity to produce similar or better output with their own code, hardware or circuits, that does not make them liable to pay the other company.
The law firms, not understanding any nuances of technologies, blindly approves patents and helps to create a ground for patent wars.
Its unsurprising to sees the world’s largest and oldest manufacturer Nokia, fighting with new niche premium mobile manufacturer Apple over the patent wars. Nokia sued Apple over usage of signalling techniques, Apple fired back over the utilization of scrollbars and Nokia again filed a new lawsuit against Apple’s iPad. The war just like the situation when Kodak sued Apple and Apple countersued Kodak.
This war is perfect for patents, but, it is really not since these companies are hindering innovation or were struggling to recover their research and development charges because of the other’s patent infringement. This war is completely according to greed, the greed top earn more and eat each other’s profit share. Finally, the 2 is going to do an from court agreement, something comparable to, you scratch my back and I’ll scratch yours.
Maybe American companies can also learn from these MNCs and commence creating a pile of patents. Like that the big telecoms can just unwind and earn royalties. Poor Bharti Airtel, if Mr. Sunil Mittal had filed Inventhelp Stories for caller tunes or missed call alert service, Airtel would have crossed each of their barriers with regards to growth along with been world’s largest telecom company. On the similar lines, if Infosys had patented its global delivery model, it may have easily axed the competing firms and had ruled the offshore IT business. Regardless of how ridiculously stupid the aforementioned ideas sound like, the usa patent history is loaded with such applications and many of them are accepted too.
So, if we knew day 1 day we could not manufacture even board games without paying royalties, we could have patented a dice, that has been used and discussed in India considering that the times during Mahabharata.
What’s urgently required is formation of a good panel which does a comprehensive investigation before approving patent and constantly reviews any approved patent. When the company filing the patent, don’t use it within next 3-five years, the patent becomes null and void, if patent seems irrelevant after 3-5 years then it ought to be discarded. Exactly the same should be carried out just in case where company filing patent has recovered all research and development expenses associated with patent and all of past unsuccessful trials and has already made handsome profits with similar. When the patent filing company keeps licensing their patents to many other companies, the patent should expire much earlier than the 20 year span. Even though among the above rules are materialized, the patent market will likely be much more regulated and tznwus won’t be such high exploitation in the Inventhelp Caveman.
So, when RiceTec applied a patent for Basmati rice, the first question would have been that why they wish to make use of the word Basmati, the premium American and Pakistani rice breed, which is most popular and expensive. Another research might have said that their genetic breed has qualities of extra long length, width and fragrance which are all linked to the traditional Basmati breed harvested near Himalayas. After such findings, they might have been interrogated on the usage of brands ‘Texmati’ and ‘Kasmati’ (name sounding similar to Basmati) labeled to deceive buyers. Once the entire case was made, the organization needs to have been required to stop selling any breed of rice altogether.
But, none of the above action points is ever going to be used in a land where any corrupt company can lobby the us government ruling the land and force them to add new injunctions in law or amend the law in their favor.