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The granting of patents allows for an inventor or company to capitalize on new technology and is considered an important coroner stone in spurring innovation.
IP is one of the most important issues facing modern industry. Abuse of the patent
system has grown and as of last year cost $29 billion in settlement costs. One of the most high profile IP lawsuits was initiated by Apple Inc. The company won a verdict against Samsung Electronics in a high profile decision in a US court for patent
infringement.
While Apple has the most reported cases they are by far not the only company using patents as a weapon against their rivals. For this project you will explore the patent system, specifically technology patents. Your report should be at least four pages double spaced with standard margins. Include the following topics:
What is a patent? Be specific. How do they differ from trademarks and copy
rights?
Historically how have technology companies coexisted with rivals?
How have software and process patents changed the way patents are grated?
What is a non-practicing entity?
What fixes to the patent system have been implemented.
Recommend a few fixes to patents or the patent granting process
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