A patent is a set of exclusive rights granted to the innovator to guard his interests for the following twenty years or so, when no one can copy the item or has to pay royalties to do so. The complete framework behind this was to ensure the innovator gets monitory and first mover benefits for his research and development, to ensure people have incentives to do more research and new technologies keep coming in markets for the welfare of humanity. Little did the creator of patents law knew that it will be utilized to hinder the development, create monopolies, utilized to backfire/compress or terminate competitors and as a medium to earn riches.
But, it provides degraded to your level in which a company can just discuss out extra features and file Inventhelp Patent Services for the similar. The effect is many companies earning millions and millions not simply because they manufacture such quality products, just because these were the first one to think of an understanding. Today’s MNCs don’t shy away in extracting exorbitant amount in royalty fees, licensing fees, court claims and settlements. Just one cool product leads to use of dozens of old patents (making use of their licensing fees) and development of two dozen more patents. A patent is not said to be for the way you scroll content on an iPhone or the amount of image processors within a single Kodak camera. Obviously the patent may be for the part of hardware, the circuit or even the code written. But, if someone else will be able to produce similar or better output making use of their own code, hardware or circuits, that fails to get them to prone to pay the other company.
Legal requirements firms, not understanding any nuances of technologies, blindly approves patents and helps to create a ground for patent wars.
Its no surprise to sees the world’s largest and oldest manufacturer Nokia, fighting with new niche premium mobile manufacturer Apple within the patent wars. Nokia sued Apple over usage of signalling techniques, Apple fired back over the usage of scrollbars and Nokia again filed a new lawsuit against Apple’s iPad. The war just like the situation when Kodak sued Apple and Apple countersued Kodak.
This war is made for patents, but, it is far from as these companies are hindering innovation or were struggling to recover their research and development charges because of the other’s patent infringement. This war is entirely based upon greed, the greed top earn more and eat each other’s profit share. Finally, the 2 will do an out of court agreement, something similar to, you scratch my back and I’ll scratch yours.
Maybe American companies may also study from these MNCs and begin creating a pile of patents. This way the big telecoms can just sit back and earn royalties. Poor Bharti Airtel, if Mr. Sunil Mittal had filed Inventhelp Patent Invention for caller tunes or missed call alert service, Airtel might have crossed all of their barriers with regards to growth and had been world’s largest telecom company. On the similar lines, if Infosys had patented its global delivery model, it might have easily axed the competing firms and had ruled the offshore IT business. No matter how ridiculously stupid the above ideas sound like, the US patent history is filled with such applications and many of them are accepted also.
So, when we knew day one day we could not manufacture even board games without paying royalties, we might have patented a dice, that has been used and discussed in India since the times of Mahabharata.
What’s urgently required is formation of any good panel which does a thorough investigation before approving patent and constantly reviews any approved patent. If the company filing the patent, don’t utilize it within next 3-5 years, the patent becomes null and void, if patent seems irrelevant after 3-five-years then it needs to be discarded. The identical ought to be done in case where the company filing patent has recovered all research and development expenses related to patent and all past unsuccessful trials and it has already made handsome profits with similar. When the patent filing company keeps licensing their patents to many other companies, the patent should expire much sooner than the 20 year span. Even though one of the above rules are materialized, the patent market will be much more regulated and tznwus won’t be such high exploitation in the Inventhelp Intromark.
So, when RiceTec applied a patent for Basmati rice, the initial question could have been that why they would like to use the word Basmati, the premium American and Pakistani rice breed, which is most popular and expensive. An additional research would have stated that their genetic breed has qualities of extra long length, width and fragrance which can be all linked to the traditional Basmati breed harvested near Himalayas. After such findings, they would have been interrogated on the usage of brands ‘Texmati’ and ‘Kasmati’ (name sounding much like Basmati) labeled to deceive buyers. After the entire case was created, the business should have been compelled to stop selling any type of rice altogether.
But, no above action points will ever be taken in a land where any corrupt company can lobby the us government ruling the land and force those to add new injunctions in law or amend the law inside their favor.