Investors Need a Patent Tax
Written by: Dana Blankenhorn
NEW YORK (TheStreet) -- Here is something patent owners may not know.
When software patent holders are sued, they lose 90% of the time. James Besson, author of the book Patent Failure, says patents have become a disincentive to innovation.
At the heart of the problem is money. The patent office is understaffed and overworked, says Gregory Aharonian, whose Web site is called BustPatents.com. It can cost hundreds of thousands to research a single software patent and there are 40,000 new ones approved each year.