About “patent trolls” and property rights! 1/4
Wednesday, February 20, 2013 3:00 pm | By Christoph Elmiger

In the last few months, we’ve read again and again about lawsuits between producing companies and companies whose only interest is to make money with the patent pool they own, but never use (prominent case Apple against MobileMedia). These companies are also known as patent trolls. A patent troll is a term used for a person or company that enforces its patents against one or more alleged infringers in a manner considered unduly aggressive or opportunistic, often with no intention to manufacture or market the product. A related, but less pejorative expression is non-practicing entity (NPE), which describes a patent owner who does not manufacture or use the patented invention. Essentially “patent trolls” purchase patents, often from bankrupt firms, with the intent to sue other firms which may actually use this patent. They try to force patents, but have no interest in a manufacturing or research base.

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IP Helping the Homeland State by State
By Ashley A. Bautista

Intellectual property rights directly affect the economic growth and prosperity of a country.  The 2012 International Property Rights Index (IPRI) provides concrete data concerning the positive impacts of increased women’s rights to own and manage property, education, and intellectual property (IP), on the gross domestic product (GDP) of 130 countries from around the world.
The Global Intellectual Property Center (GIPC), a branch of the U.S. Chamber of Commerce, found that IP-intensive industries provide 55.7 million direct and indirect jobs, over $5 trillion in national GDP and about three-quarters of U.S. exports.  The actual study titled “IP Creates Jobs for America” can be found here; make sure to look up your state and see how intellectual property has directly affected its economy.
Many state legislators have emphasized the findings of this study.  Senator Pat Roberts (R-KS) said,
 “When you think of Kansas, intellectual property may not automatically come to mind. But, in the Heartland of America, IP is a key component of our daily bread.”
With an ever-growing technological base and new research and development (R&D) advancements every day, it is safe to say that the IP industries are here to stay.  IP-intensive industries are valuable assets to our economy and are responsible for keeping us afloat during the economic turmoil that we have endured in recent years.
Our policymakers, representatives and officials need to recognize the vital role that IP industries have in our economy.  They should take every measure to protect these industries and companies through legislative means.  The study done by the U.S. Chamber of Commerce established that individual states benefit from IP growth.
Some of the many positive impacts from IP related industries are increased wages, new jobs and significant contributions to the GDP at the state and national levels. IP industries must be protected in order to ensure that these benefits continue to be enjoyed by each of the state economies.

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New Study Confirms IP's Importance
Wednesday, April 11, 2012 3:44 pm | By Paul Petrick

Economists have agreed that strong property rights protections are a precondition to economic growth and prosperity since the correlation was demonstrated by the seventeenth century polemicist Thomas Hobbes. In recent years, society has benefitted from an explosion in industries dependent on intellectual property (IP). Since the operative word in the phrase “intellectual property” is “property”, it is only natural that IP be afforded all of the same protections that are applied to physical property. A new Commerce Department study illustrates the importance of doing so.

In a report titled Intellectual Property and the U.S. Economy: Industries in Focus, the Commerce Department notes that nearly the entire American economy either produces of uses some form of IP. The study has isolated seventy-five specific industries that are especially IP-intensive. These industries directly supported approximately twenty-seven million jobs of which an additional thirteen million jobs were dependent. These jobs accounted for more than one-fourth of the total number of jobs in the U.S. economy in 2010. 
Being that the seventy-five IP-intensive industries accounted for more than one-third of total U.S. output in 2010, the report acknowledges the necessity of securing intellectual property rights. This makes innovation rewarding by allowing innovators personal benefits from their intellect much the same way that physical property rights enable property owners to exploit their resources. 
The 2012 International Property Rights Index (IPRI) shows that IP protection in the United States has declined for the second consecutive year. While the U.S. has improved or stabilized its score in the other IPRI subcomponents, IP was the only area of property rights where the U.S. continued to deteriorate. As the U.S. economy continues to recover at a frustratingly slow pace, it is important for policy makers to make improved intellectual property protections a priority.


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