A Third of the Economy is at Stake — and Patent Trolls are to Blame

Patent lawsuits have become a big business. Over six times as many patent lawsuits are filed today as in 1980, and businesses of all sorts have become vocal about the burden of undeserved lawsuits, many over vague or overreaching software patents. The Supreme Court has weighed in with several decisions that limit some of the excesses, and the current administration has also called for change. Finally, Congress is considering adjustments to the patent litigation process that will help reduce litigation. Is this necessary? The evidence suggests that it is, but even more should be done.

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