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    I've recently come across quite a few articles on the internet about patents having a negative effect.

    "Patents hinder innovation rather than promote it."

    Would love to hear everyone's view on this topic.
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    (Original post by Sagga)
    I've recently come across quite a few articles on the internet about patents having a negative effect.

    "Patents hinder innovation rather than promote it."

    Would love to hear everyone's view on this topic.
    Well you got 2 sides to it I suppose, but then again not having patents also hinder innovation...........

    If we weren't allowed patents, people/companies wouldn't really bother putting too much investment into projects meaning worse outcomes, especially when you got other companies that are more than happy to take their inventions and sell them at a lower price and make money off it......... the original company loses out there and again keep investment in innovation low or may not even bother.

    That itself hinders innovation, why would any company put large amounts of money into innovation knowing any company can break their innovation apart and use it themselves while at a fraction of the cost and make a huge profit over it......... or what about the smaller companies or individuals who simply can't sell their innovation to the mass market or with limited resources can't create the best product and a bigger company comes a long and makes money off the small group.

    Patenting is there for the protection of individuals and companies........... otherwise you get little innovation and no recognition for the person who should take credit and they could end up dying away poor without themselves realising their dreams.

    Imagine if I or you, made some amazing innovation or idea that would change things, it would make you rich, the money would help you in all kinds of way, it means a stable future income for you and your future children. It would mean the creation of a firm, long term financial stability......... where you would have plenty of resources which you could use to make even more of your other ideas become a realisation. I would hate the fact, I can't own what I invented and some other people can come along and take everything away from you.
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    (Original post by Sagga)
    I've recently come across quite a few articles on the internet about patents having a negative effect.

    "Patents hinder innovation rather than promote it."

    Would love to hear everyone's view on this topic.
    If I can't reap the benefits of my hard work and money spent, why would I innovate?

    It's an idealistic view imo that people would innovate just for the sake of it. It costs money and if you can't get that money and something on top back, there would be less innovation.
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    A patent system is a good necessary thing, encouraging the pursuit of original and innovative design would hit a major barrier if people's work could be copied and mass produced a few weeks later. What is not a good thing is the ludicrous systems we have in place today that let people claim ownership over things as ridiculously broad as a rectangular device with rounded corners, and then sue everyone in sight.
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    Being a computer science student, I'm very pro patents. However, after having done some research for a report, "Patent Trolls" seem to be using patents to deter innovation for SME's by threats of litigation. For example like Gofre mentioned, Apple has been suing many people for patents which are not very "inventive". Things like that and patent trolls who sue people without enough monitory resources to fight back deter small inventors. Would you agree with that?
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    If there were no patents there would be no financial incentive to innovate and therefore there would be much much less innovation.
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    I would say limiting the duration of patents would be good, maybe 10 years down to 5. Ultimately that patent guarantees the company a return on what they've invested, otherwise where's their profit? (Which, if they financed the project, they should be entitled to)
 
 
 
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