Patents denote the protection rights granted to the owner of the invention that prevents other inventors from using, making and importing as well as selling invention of the owner without his/ her acquiescence. This kind of patents design it may be a procedure that led to producing a new technical solution or merely a product. Similarly, patent can be a new process of doing things, a technical improvement on how certain product works and it may make of composition of new products. Once is granted by legal law the owner can enjoy patents rights for twenty years. Therefore, protecting copyright is not acceptable in the 21st century. There are several reasons against the protection of patents.
First, it is expensive to obtained patents associated cost. The copyright owners tend to favors companies which as higher finance resources. With this reason, small corporation and individuals that would use patents may not be in a position of affording all the cost associated finding and applying for the use of patent and its trademark. Large Companies can acquire a license before the small business and individual can obtain it because of availability of resource. Therefore, this is one way of exploiting the small business that has the will to use the patent to expand their business and allow the larger Companies to enjoy the monopoly of patents.
Secondly, big business that have acquired the patents they tend to give small business unfavorable threats, which have also, received the same patents. In addition, some threats of lawsuit may force unfair settlements. That made the small business to withstand the high pressure from large companies. Thus, the end the small businesses exit the market and allowing the more major companies to continue enjoy monopolize markets. Moreover, high cost used during litigation also may be a major factor, which will contribute to small business to exist even before the case was settled.
Third, Patents law allows other business to come in and run on revenue from inventions that are granted by other licenses. According to the theory, this negates the underlying value of patents systems, since it allowed the licensor to generate income from other inventions that they did not create. That problem was hotly debated and is often seen as valid argument with the current patent law. That was wrong since it allowed the original patents of invitation to generate revenue from the additional features added to their invitations.
Fourth, the patents reduce the innovation and diffusion of invention in the marketplace. For instant, a company may be unable to use a particular business features. That would be attributed to the fear of infringing on other existing patent. Hence, limiting of innovation of the current patent by other business which are not licensed to use that patents.
Finally, over the past decades, it has sometimes seemed the tech companies tend spending more time on settling patents cases in court. Instant they should have used these time and resources utilized in a judicial process to invent a new product. For example, Samsung sues Apple and Apple sues Samsung. Such a behavior of litigating opponents was a waste of resource fighting for one invention. In conclusion, the patents legal rights need to be revised to allow the balanced diffusion of patents to all the potential business to use them and eliminate the monopolist kind of nature in the market.
