is the founder and CEO of General Patent Corporation, with over 27 years of experience in patent licensing and enforcement, IP strategy and valuation. Alex is a Certified Licensing Professional (CLP), co-author of two books and numerous articles on IP in general and patents in particular and has been named by IAM magazine among Word’s leading IP strategists every year since 2010. His focus on intellectual property licensing, IP strategy and valuation.
Last month, the U.S. Patent Office issued patent number 10,000,000. This historic occasion calls for rethinking our patent system and the future of American innovation… It is nothing short of misleading the public by telling inventors that in exchange for their invention disclosure they will receive a limited monopoly, a patent. Most of the time inventors get no monopoly rights whatsoever. At best, after years of litigation, millions of dollars in attorney fees and multiple challenges to their patent validity at the Patent Office, they may get some monetary compensation. But is it worth the hassle?