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.
Monday, December 9 2013 1:22 PM EST2013-12-09 18:22:04 GMT
There were slippery conditions all over the region Monday morning making for a challenging commute. On Interstate 89 near the Williamstown-Brookfield town line, rescue crews responded to a one-vehicleMore >>
There were slippery conditions all over the region Monday morning making for a challenging commute.More >>
Monday, December 9 2013 12:46 PM EST2013-12-09 17:46:28 GMT
Icy conditions may have contributed to a fatal accident Monday morning in Burlington involving a school bus and a car.It happened on the beltline just south of the intersection of Plattsburgh Avenue. PoliceMore >>
Icy conditions may have contributed to a fatal accident Monday morning in Burlington.More >>
Monday, December 9 2013 12:38 PM EST2013-12-09 17:38:30 GMT
People who live near six Vermont lakes are banding together to try to focus more resources on lake protection efforts.Organizers think it will be easier to the state work with the state as one larger organization.More >>
People who live near six Vermont lakes are banding together to try to focus more resources on lake protection efforts.More >>
Monday, December 9 2013 12:37 PM EST2013-12-09 17:37:37 GMT
Brattleboro Police are investigating a fatal hit and run accident.It happened at about 7 p.m. on Friday near the intersection of Western Avenue and Union Street. The pedestrian was taken to the hospitalMore >>
Police on Monday identified the victim as Eugene Narratt, 64, of Maynard, Massachusetts.More >>
Monday, December 9 2013 12:36 PM EST2013-12-09 17:36:59 GMT
An Enfield, New Hampshire man is dead. And a Killington driver has been charged in connection with the death. It happened Saturday night on the Killington Road. Police say 26-year-old Kyle Wilson wentMore >>
An Enfield, New Hampshire man is dead. And a Killington driver has been charged in connection with the death. More >>