this post was submitted on 05 Oct 2024
391 points (99.2% liked)
Technology
59347 readers
5626 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Patents shouldn't be valid for more than 5 years imo. If you can't make a large enough profit from your idea in 5 years maybe it wasn't that good or original.
Disagree. Look at Sawstop. It took years to even get to the patent filing phase. Then he tried to get companies to adopt it. They didn't. So he spent years building a company and manufacturing base to support it. By the time he finally got things into stores and had a chance to pay back his investment the patent would have expired under your idea. There would have been zero incentive to do all that investment and the technology would have never become available.
Your five year rule would harm anyone not already extremely wealthy. It would further incentivize corporations to maintain control over markets. It would also create a situation where companies would be trying to recoup all their investment costs in that 5 year period which would result in extremely high prices. Like the pharma companies on steroids charging a 5000% markup.
How's about a patent that expires 5 years after its first use by a billion+ dollar company? 5 years after it is used in more than 10,000 products? 5 years after its licensing has yielded over $1M in profit? 5 years after spending over $100k on advertising? 5 years after your first major court settlement?
I think there are ways to protect individual innovators but also lessen patent abuse
The more fine-tooth details you put in it the easier it is to exploit or get exceptions. It's how you have a tax code where 10% tells you what to pay and 90% tells you how not to pay it.
But the only thing I would change would be a software patents should be dramatically shorter than hardware patents given the life cycle of software.