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Is Patent Law Stifling Innovation?

Is Patent Law Stifling Innovation?: “Patents are designed to encourage innovation by guaranteeing inventors some reward — generally exclusive rights for 20 years. The idea must be considered useful, new and “non-obvious.” In computers, the definition of “obvious” is blurry. That fuzziness has sparked concerns that too many “obvious” ideas are getting patented. “Too many small companies are spending their money on patent lawyers, not research,” says Tim O’Reilly, another e-commerce pioneer whose
company invented the Internet banner ad. “It’s not innovation. It’s a business model of ripping off the patent system.”"