1) SynPat recognizes a portfolio of dangerous patents and acquires them, say, from a university. Dangerous patents are those that trolls are likely to use to corner businesses.
2) In order to fund the purchase, SynPat gets a group of corporations together to front the costs.
3) Now that SynPat owns the patents, licenses are given to the participating corporations.
4) Then, SynPat sells licenses to other parties for an increased price.
5) Finally, willful infringers are sued, while SynPat provides a legitimate marketplace for licensing of dangerous patents.
The key here is that early participation is highly encouraged, and more importantly, participation guarantees a portion of SynPat's profits. For example, the university would get 1/3, the participating companies would get 1/3, and SynPat would get 1/3. In this way, a win-win-win situation is created.
I think the perfect business model is one that contributes to society, preserves the business's integrity, and generates large profits. In SynPat, it seems like this exists.
https://www.youtube.com/watch?v=Sngs3-Mmj4w
https://www.youtube.com/watch?v=Sngs3-Mmj4w
SynPats seem like a friendlier version of patent trolling, and the portfolio is only used in cases that deserve infringement actions. I wonder if this will ever lead to a SynPat war. As a company, I would be more inclined to invest in SynPat portfolios as much as I can than to be involved in larger and longer patent lawsuits in the future.
ReplyDeleteI don't think that SynPat is a troll at all, friendly or not. By acquiring dangerous patent portfolios and licensing them out, I think SynPat is solving the problem that Uzi Aloush outlined during lecture. An issue with IP is that sometimes, companies don't know that they're in violation of patents, which causes a surprise when they're sued. Additionally, even if a company knows that they're infringing on a patent, there's no clear answer as to where that patent can be licensed. SynPat provides a solution by providing a trustworthy marketplace for patents.
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