* Posts by Smithbrian

1 publicly visible post • joined 29 Apr 2015

US Congress promises death to patent trolls in bipartisan law scribbling

Smithbrian

Great day for crony capitalism !

This bill is written for Big companies so they can steal from small companies.

This bill requires a startup to "guarantee" that it has Funds to cover the cost of Goolge lawyers.

The startup has to provide a certificate to the court that it has the FUNDS to cover Googles lawyer fees!

It is bad for the small companies, Because a small company will never be able to enforce their patents!

Before saying it is the best thing since sliced bread. Please go read the Bill.

http://www.judiciary.senate.gov/imo/media/doc/PATENT%20Act.pdf

Page 26 Line 7 -15

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Not later than 45 days after being served with an initial state-ment under subparagraph (A), a party alleging infringement shall file a certification that—

(i) establishes and certifies to the court, under oath, that it will have sufficient funds available to satisfy any award of reasonable attorney fees under this section if an award is assessed;

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That mean if you are a startup: you will never be able to go after Google, Microsoft, Facebook, or any other big company.

This would be the biggest gift to the Big company Lobbyist from the congress. It is bipartisan because both republican and democrats what these big companies to write checks to them.

Great day for crony capitalism !