In an Atlanta Journal-Constitution editorial, Terry economics professors John Turner and Jonathan Williams endorse the PATENT Act, a piece of Georgia legislation that aims to “shut down patent trolls.”
Joined by UGA law professor Joseph Miller, Turner and Williams argue that Georgia has been hit particularly hard by patent trolls, who bring unreasonable lawsuits against individuals or companies. Between 2005 and 2104, more than 500 such lawsuits have been filed in Georgia, stifling patents’ role in innovation and incurring unnecessary cost.
The proliferation of information technology has allowed patent trolls to flourish, they argue, and the suggested legislation will punish trolls while protecting firms and individuals who create real value through inventions.
The entire piece is available online. It may require an AJC subscription.