I regularly listen the "This American Life" Podcast and I was excited to hear at the end of last week's episode that this week, "This American Life" would be looking at small companies that all they do is create massive numbers of patents in hopes that some other company will come along and do something that intrudes on one of these patents so that they can then extract licensing fees from them.
I'm ashamed to say that the East Texas court system has also been very friendly to these "patent trolls" when it comes to intellectual property cases.
I'll admit I haven't listened this week's episode yet (it typically doesn't show up in my podcatcher app until Sunday afternoon), but I encourage anyone and everyone to listen to this.
There are major issues with the US patent system and our intellectual property laws and unfortunately the vast majority of the american public is totally unaware.
Read more at www.thisamericanlife.org441:
When Patents Attack!Originally aired 07.22.2011Why would a company rent an office in a tiny town in East Texas, put a nameplate on the door, and leave it completely empty for a year? The answer involves a controversial billionaire physicist in Seattle, a 40 pound cookbook, and a war waging right now, all across the software and tech industries.