Statesman: Smith: Encouraging invention and innovation
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Started by: zoobabzoobab
Date: 12 May 2009 22:54
Number of posts: 1
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Summary:
It costs high-tech companies an average of $5 million to defeat a frivolous suit. So often defendants pay large sums just to make the case go away. This money is diverted from worthwhile research and development that could go to innovation leading to more jobs and economic growth. The American economy is in critical need of invention and innovation. But if we want intellectual property industries to help invent a way out of the recession, we must put an end to the legal gamesmanship that rewards lawsuit abuse over creativity.
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