Patent trolls continue to be a growing problem across the country.
These are entities that buy patents and then threaten litigation to force innocent businesses to pay them settlement fees or risk a costly legal battle. And they are increasingly targeting small and medium sized companies.
Champlain College hosted a forum on patent abuse to highlight the issue. Vermont was the first state in the country to put a law in place to crack down on patent trolls.
But speakers at the forum Monday say more needs to be done on a national level, especially when it comes to patents for software. Boston University's James Bessen has studied this issue for years. "Some patent trolls are making a lot of money but many patent trolls are costing companies a lot of money. We estimated that they cost companies 29 billion in terms of legal fees and settlement payments in 2011," he said.
Bessen says there needs to be changes in laws governing patent litigation and changes in the way software patents are granted and used.
Sunday, March 9 2014 10:43 PM EDT2014-03-10 02:43:23 GMT
The Burlington Yoga Conference began Saturday at UVM's Davis Center. The event gives participants a chance to connect the mind body and soul through workshops they may not have access to on a daily basis.More >>
The Burlington Yoga Conference began 6 years ago and has become a staple in the community.More >>
Sunday, March 9 2014 7:56 PM EDT2014-03-09 23:56:33 GMT
Flags were flying on the Statehouse steps Sunday afternoon as more than 500 people gathered for the Gun Owners of Vermont Rally."Vermonters -- not just hunting Vermonters who happen to have firearms forMore >>
A trio of gun control measures may have gotten the green light from Burlington voters on Town Meeting Day, but the charter changes face strong opposition across the state, and a possible uphill battle at the Statehouse.More >>
Sunday, March 9 2014 7:43 PM EDT2014-03-09 23:43:32 GMT
Is the marketing behind Electronic Cigarettes aimed at kids?New York Senator Chuck Schumer (D-New York) says the industry's trendy packaging and flavors like bubble gum and cotton candy aren't foolingMore >>
Schumer is co-sponsoring a Senate bill that would ban e-cigarette marketing aimed at kids.More >>
Sunday, March 9 2014 7:42 PM EDT2014-03-09 23:42:02 GMT
Senator Bernie Sanders is among a group of Senators set to hold an "all-nighter" to call attention to climate Change.Members of the so-called Senate Climate Action Task Force -- nearly two dozen in allMore >>
Senator Bernie Sanders is among a group of Senators set to hold an "all-nighter" to call attention to climate Change.More >>
Sunday, March 9 2014 7:40 PM EDT2014-03-09 23:40:46 GMT
A Chimney fire is the likely cause of a blaze that destroyed a home in St. Albans Town.The owner of the home on Pike Drive called for help a little after 9:30 a.m. Sunday. When firefighters arrived theyMore >>
A Chimney fire is the likely cause of a blaze that destroyed a home in St. Albans Town.More >>
Sunday, March 9 2014 7:38 PM EDT2014-03-09 23:38:52 GMT
Jazz fingers, dance moves -- and plenty of passion. The Urban Reach Dance Convention is giving aspiring dancers the chance to learn from some of the music industry's most acclaimed teachers, who have workedMore >>
Aspiring dancers hit the floor this weekend at the 8th annual Urban Reach Dance Convention.More >>
Sunday, March 9 2014 6:08 PM EDT2014-03-09 22:08:59 GMT
This morning, Channel 3 has learned there will NOT be a bus strike Monday morning in Chittenden County. CCTA officials told us in a statement that after 19 hours of negotiations that went into the morningMore >>
Sunday morning CCTA officials announced that after a marathon negotiation session they delivered a complete contract proposal to the union.More >>
Sunday, March 9 2014 2:52 PM EDT2014-03-09 18:52:05 GMT
Governor Peter Shumlin was in Rhode Island over the weekend. His office says the Governor was at Brown University in Providence taking part in a forum with the Rhode Island Governor. He is expected toMore >>
Governor Peter Shumlin was in Rhode Island over the weekend.More >>