[citation][nom]Andy Chow[/nom]That's actually a bad example. Because a patent isn't a product, it's an idea. For example, when you stake your claim for mineral rights, you have to prove that you're actively exploiting those minerals within a three years period or you'll lose your claim. You never pay for the land (unless it's already owned, most land up north isn't). And you don't pay for the minerals either.You just pay for the right to have that exclusivity if you can show that you're using that opportunity within a reasonable time (to obtain financing, for example). Patent laws should be the same. Lest companies just start filing patents they will never use just to prevent their competitors from selling said product (cough..Apple, cough).Your example should be more like: your neighbor doesn't drive his truck, but because he owns it, you're never going to be able to build or buy your own truck, because he own the idea of a truck.[/citation]
Except here is the problem with your analogy. If someone who comes up with an idea needs to then turn around and put in start up capital to create a product based on the invention, then you create a lot more financial burden thus less incentive for people to do research. You also have the potential to get a glut of manufacturing that just isn't needed and can't be supported. Imagine where we would be technology wise if people actually were required to make the physical product on their own idea? We may still be using punch cards. We almost certainly would not be discussing it on an internet comment board such as this because I can't see how it would exist.
Now agreed, people need to at least come up with licencing agreements, but at the same time, people who come up with ideas do so to make money off of it. I can see some companies coming up with ideas in R&D and if there is no current market that can support it, they may need to sit on it for some time. What do you do in that case? You just can't strip the rights from someone just because there may not be a market for a product at the time it's come up with. Your mine analogy doesn't hold up with this because the miner only went to get the minerals because there was already market demand.
Now that being said, yes, we have to do something about companies whose sole purpose is just to sue other people. We need very serious patent and tort reform in the US. The problem is in this case the article is sort of murky. The company was founded in 1995, but the patents weren't filed until post 2000. Did they come up with these ideas themselves? Well, the article says the company was founded not just by lawyers, but by scientists as well, that suggests the possibility this isn't a company that exists to buy obscure patents just to sue someone else.
Let's just not throw swing the pendulum to far to the other side where we stifle innovation while correcting this problem.