Fighting Off the Trolls

Corporations do not like fighting off claims made by NPEs that assert patent infringement.  It’s a nuisance and it is expensive.

While troll behavior is hard to stop (under our current patent system, there is no requirement that you build an invention simply because you own the rights to do so), penalizing law firms who represent these individuals may be the way to go.  Under such a proposal, corporations would take away other forms of legal work from firms that represent NPEs.

Celebrate World Intellectual Property Day

Today is World Intellectual Property Day.  According to the blog Patent Baristas, the purpose of World IP Day is to:

• to raise awareness of how patents, copyright, trademarks and designs impact on daily life;
• to increase understanding of how protecting IP rights helps promote creativity and innovation;
• to celebrate creativity, and the contribution made by creators and innovators to the development of societies across the globe;
• to encourage respect for the IP rights of others

The World Intellectual Property Organization (WIPO) is celebrating the day by promoting green innovation.

Making Money from Your IP

Social networking just led me to a great presentation on how to make money from your IP.  I posted the URL for this blog on Twitter (with the hashtag #patent) and moments later, I was being followed by a law firm I had never heard of.  I clicked on the link to their site and found a veritable treasure trove of practical IP resources including a great piece on how to turn IP into money.