Thursday, April 27, 2006

Catching patent trolls?

Note Elizabeth D. Ferrill, Patent Investment Trusts: Let's Build a PIT to Catch the
Patent Trolls, 6 N.C. J.L. & Tech. 367.

The text includes: For example, Glenn Curtiss and the Wright Brothers earned more than two million dollars in 1933 by licensing their foundational airplane patents. n105

In 1933, the Wright Brothers' key patent had been long expired, and Wilbur had been dead even longer.

Of the PIT in the title: Patterned after the existing REIT legislation, a Patent Investment Trust, ("PIT "), would be a corporation that trades and licenses patents rather than real estate.


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