“That is, of course, the irony of the patent system. Without patent protection, a competitor can simply replicate an invention and undercut the inventor’s price — which necessarily includes all the time and expense of research and development — so the incentive to experiment and create is severely inhibited. But if innovators such as Glenn Curtiss cannot build on the progress of others without paying exorbitantly for the privilege, the incentive to continue to experiment and create is similarly inhibited.”
I read this and wondered if the patent system could be reformed to have a standardised rate for all licensees, similar to what is attempted with FRAND patents, but enforced with teeth across all of them.
I read this and wondered if the patent system could be reformed to have a standardised rate for all licensees, similar to what is attempted with FRAND patents, but enforced with teeth across all of them.