The Increasing Incentive for Legacy Companies to Challenge Patents
Across all industries, the incentive for legacy companies to challenge patents, has increased. Why? Because it's proven to be a valuable tactic in slowing or stopping competitors - ultimately impeding innovation as these disruptive companies are forced to spend significant money defending themselves. The impact? According to @Harvard Business Review so-called patent trolls cost defendants an average of $29B per year. What would the benefit across industries be if new innovative technologies weren't being stopped by gamesmanship? #InnovationFriday
Learn more: https://hbr.org/2022/09/its-time-for-the-u-s-to-tackle-patent-trolls