1. Overemphasis of patent as a legal instrument, and
2. Inadequacy of systems for its use as industrial property right.
This result is caused by lack of a functioning market for technology rights embedded in patents and patent derivatives. Without a streamlined market for technology rights, the economic and commercial activities based on the underlying technologies are delayed or inhibited.
The “Land of Tinkerers” has a well developed market for music rights, but does not have even a primitive one for technology rights!
- How the America Invents Act Changes Patent Law ←
- FIRST Step Toward America’s Future, Tom Purcell, cagle.com