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+ - New Patent Reform - A Good Thing?

Submitted by
Patent-Monkey
Patent-Monkey writes "BetaNews reports that new legislation is being proposed by Congress today that promises to "change the very fabric of patent law" by limiting damages to lost economic profit by a company and define an invention on its novel merits without taking credit for prior art. The article also notes that "Open source advocates may appreciate the amplified language that would prohibit any organization from claiming patentability over a concept that was "in public use or sale" (note the distinction) prior to the claim." Something the Peer to Patent project also hopes to help with.

This bill clearly limits the impact of future NTP v RIM style cases, but could also have the potential to allow large companies (e.g. IBM, Microsoft and Google) to copy a number of smaller company's ideas since the damages would be limited to that small company's lost earnings.

Are patent damage limits a good solution? For all of you to answer..."

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