High Tech Inventors Alliance Priorities
When the patent system does not function well, it undermines rather than supports innovation to the detriment of all Americans—inventors, employees, investors in productive businesses and ultimately, consumers. The dramatic rise in patent troll litigation and baseless patent assertions are an important example. The number of defendants sued by patent trolls, which bring a majority of all patent litigation, has nearly tripled since 2005. These suits account for 90% of litigation involving high-tech products and services. They deter innovation by leveraging the high cost of litigation to obtain settlements that tax innovation and create a drag on job growth and R&D investment.