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February 1, 2006
News - Problems with Intellectua…
about 6 years ago
Prior art has become less relevant as the patent office is overwhelmed with so many superfluous applications. For us, the concern is not protecting our designs as much as making sure not to violate someone else’s IP.
IP-holding firms profit from licensing their IP and usually pursue aggressive legal action against businesses who don’t ante up. How many of you know that PWM color mixing using LEDs has been patented by ColorKinetics? They have made millions and have been controversial in the lighting world for years.
On the other end of the spectrum, patent trolls wait quietly, hoping to strike it rich by going after the unfortunate company that “accidentally” infringes on their patent.
Either way, innovation is stifled.
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