Broad and unclear patent awards destroy more value than they protect
December 23, 2010 § Leave a comment
Patents are an important method for protecting IP, and create value for investors, but when awards are both broad and unclear, the cost of licensing fees and the threat of legal action can stifle innovation and investment. Location-based mobile services are driving growth and providing benefit to a lot of people, so let’s hope that the recent patent awarded to WHERE Technologies, which their CEO calls the “Mother of all Geofencing Patents”, includes loopholes you can drive a drive a truck through. Unfortunately, it may take a legal claim to bring that clarity.