So is there an end to this patent war? It seems like some companies are finally taking initiative to stop these legal confrontations. In an article from the A Register, Iain Thomson writes about the agreement struck between Cisco and Google, two of the patent giants in the industry.
To avoid litigation and long trials in court, it seems that these companies are focusing on other methods to maintain IP while avoiding the judicial system. These companies are losing millions of dollars in legal fees; it's no wonder that they'd be eager to change their routine. None of this means however that these global giants will stop aggressively maintaining hold of their intellectual property. In fact, striking agreements would lead to an easy system of taxing royalties on willing parties.
Article can be referenced below:
http://www.theregister.co.uk/2014/02/04/google_and_cisco_sheath_swords_with_deal_in_patent_wars/
To avoid litigation and long trials in court, it seems that these companies are focusing on other methods to maintain IP while avoiding the judicial system. These companies are losing millions of dollars in legal fees; it's no wonder that they'd be eager to change their routine. None of this means however that these global giants will stop aggressively maintaining hold of their intellectual property. In fact, striking agreements would lead to an easy system of taxing royalties on willing parties.
Article can be referenced below:
http://www.theregister.co.uk/2014/02/04/google_and_cisco_sheath_swords_with_deal_in_patent_wars/
This is interesting to see! Companies working together outside of the expensive litigation systems seems like a great way to promote innovation within the field, but prevent the loss of billions of dollars every year. But would these giants be willing to work with companies that are new in the market? That is the thing to look at moving forward.
ReplyDelete