Business Costs Quadruple on Patent-Owner Claims: BGOV Barometer
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Business costs have risen more than fourfold since 2005 over royalty demands filed by patent owners seeking quick profits, a study by Boston University School of Law researchers shows.
The BGOV Barometer shows companies face $29 billion in expenses from 5,842 infringement claims filed in 2011 by so-called non-practicing entities, patent owners using their rights to collect license fees instead of producing products. That’s up from 1,401 claims and $6.6 billion in costs in 2005, according to the study published today.