USA in technology in danger: new law should save patents!
USA in technology in danger: new law should save patents!
The technological world is turning quickly, and the USA is under pressure to prevail in the global race for leadership against China. In a recent article by Wake Weekly Critical technologies, including areas such as artificial intelligence and quantum computing. In order not to be left behind in this competition, a restoration of the legal basis for innovation and in particular patent protection is required.
A promising step in this direction is the proposal for the bipartisan restore patent rights act. This law aims to strengthen the rights of inventors and to protect them from theft of ideas. Loud Senator Cons ’ Press release would like to ensure that an injunction is automatically granted in the event of proven patent violations to protect the exclusive right of the inventor.
The challenges for inventors
A central problem is that the current US patent protection does not work sufficiently. In the event of patent violations, many companies were often able to continue to act with the stolen inventions after making a payment payment. This negatively influences the risk of companies to commit patent violations. A former judge of the United States Court of Appeals, Paul R. Michel, emphasizes the negative consequences of this practice, especially for inventors and startups that promptly need investments and have to commercialize their ideas.
The introduction of the restore law could not only strengthen the innovation ecosystem in the USA, but also minimize geostrategic risks. Chinese companies can violate US patents as long as they pay a fee. A new focus on the protection of American innovation rights is therefore increasingly urgent, especially since China has set up specialized dishes for intellectual property and forced the enforcement of patents.
The way to implement the restore law
The restore patent rights act was carried out by the U.S. Senator Chris Coons and Tom Cotton introduced and enjoys supporting a large majority in both chambers of the congress. Loud Senator Cons decisive to make the right of the inventors enforceable in order to prevent the use of their patents by third parties.
Historically, there was before the groundbreaking decision of the Supreme Court of 2006 in the legal matter Ebay v. Mercexchange a clear regulation that usually granted an injunction. Since then, the number of inquiries for permanent orders has fallen drastically - by 65 percent for companies and around 85 to 90 percent for universities and research institutions. The restore law stipulates that the assumption comes back that an applicant has the right to an order in the event of a proven violation.Patents and innovation further promote
The securing of patent protection is crucial for growth in the United States. The American innovation ecosystem has seriously damaged the inability to obtain interim dispositions. It is also important to compensate for large companies and startups with regard to intellectual property rights. The draft law has the support of numerous organizations, including the Innovation Alliance and the Association of University Technology Manager, which emphasize the need for a strong patent protection.
The restoration of the injunctive relief could initiate a new era for American inventors and innovators. It is to be hoped that the law will be passed on a broad front and the United States will return to technological competition.
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