A bill that would make it harder for companies that hold large numbers of patents to sue for patent infringement when they don’t produce the patented goods has been passed by the Kentucky Senate.
Bill sponsor Sen. Christian McDaniel, a Republican from Taylor Mill, calls this process “patent trolling” and says that it can drive up startup costs for small businesses.
McDaniel says patent trolls have created a profitable business model preying on the intellectual property industry.
Opposition to the measure came from Sen. Ray Jones, a Pikeville Democrat. Jones says the measure could allow large businesses to wrest patent ownership from individual Kentuckians by subjecting them to costly litigation.
The measure passed the Senate 31-7 and now moves to the House.
Was this article valuable?
Here are more articles you may enjoy.
AAA Forecasts Record Memorial Day Drivers Despite High Gas Prices
Sabotage Threats Have Put Europe’s Power Networks on Alert
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
Ransom Attacks up, but Payments Headed Down as Cyber Becomes Top of Mind