Patents need to have a much shorter lifetime except when regulation is involved.
Tech patents, in general, should probably last about 5 years. If you get a patent, you should have to actively promote and license it if you want money from it. You shouldn't be able to just sit on it for decades and then nail somebody who comes out with a useful product down the road.
Medical patents probably should be a little different. They should probably be 5 years OR you can tie the patent to an FDA approval which would give you FDA approval date+5 years. But, if that particular FDA approval fails, your patent falls.
You could keep the time limits where they are, if only they required that the inventions "actually" be novel and non-obvious.
They need to stop issuing patents for basic reorganizations of existing tech. Idiotic things like a "one click checkout" or "sending email" or "packaging a media file into a podcast" should have been kicked back with a big red "denied" stamp from the USPTO after about 10 minutes of wasted time by the examiner.
They do not seem to be checking obviousness at all.
And if this scares you may I suggest you never look up what determines if a public prosecutor takes a case or how social workers decide to go after children or psychologically ill people or not.
They don't look at prior art. Otherwise, they would have found all the prior art that the "vigilante engineer" found (and it's not like it was very hard to find, some was ironically linked from the patent itself).
They do look at prior art but remember they only have basically a "google search" type of tool so often find so-called duplicates that are not (because they have the same words in the title maybe) and miss ones that are the same because they are called something else.
Just a very poor system for the money it costs and the potential outcomes to businesses who can literally go bust over a wrong decision.
5 years, from filing to market to making profit is really short. Maybe it works for simple parents but I'm pretty sure most true inventions (and smaller companies with somewhat less complicated patents) will not be able to profit properly from the patent that way.
Depends on the market. For most software patents, even 3 years might be too much, as in that time the "invention" will be already obsoleted by something else.
I strongly agree with GP that companies should not be able to just sit on patents. The ability to literally prevent useful ways of thinking from manifesting in this world is something that goes against the core justification of the patent system.
Also, I'd like to see much bigger pressure put on quality of patents. All patents are eventually meant to go to public domain, and the public is meant to be able to recreate the invention from the text of the patent. Therefore, I believe a patent should not be granted if it isn't demonstrated that it contains all and accurate information necessary to reproduce the invention.
The nominal goal of a patent is to encourage innovation--not rent seeking.
And, if you can't monetize the patent within 5 years then maybe the patent really isn't that important or you really don't know how to implement the thing in the patent. That suggests that maybe you shouldn't be granted the patent in the first place.
Making patent terms short also has the upside that the big guys will want stricter review of patents rather than the current mess of almost universal approvals. After the big guys get burned a few times by somebody patenting something that can't actually be implemented but causes disclosure and burns up the clock on the patent they were going to file on their current product development, they will start screaming for real patent review processes.
Patents need to have a much shorter lifetime except when regulation is involved.
Tech patents, in general, should probably last about 5 years. If you get a patent, you should have to actively promote and license it if you want money from it. You shouldn't be able to just sit on it for decades and then nail somebody who comes out with a useful product down the road.
Medical patents probably should be a little different. They should probably be 5 years OR you can tie the patent to an FDA approval which would give you FDA approval date+5 years. But, if that particular FDA approval fails, your patent falls.