Reform of Intellectual Property Rights laws

The wholesale reform of Patent and other Intellectual Property Rights laws to ones based upon the principle of a COMMON TREASUARY OF KNOWLEDGE & IDEAS rather than on the individual ownership of intellectual property.

Existing laws are currently hindering the development of ideas and the application of new technology such that many ideas are only developed to the extent that they make sufficient financial return for the IPR holder who then often chooses not to develop the idea further. In many cases the ideas behind patents are not developed at all, but registered to prevent the development of products that could compete with those of the IPR holder. Patents are often held by companies with no intention of making any investment in the idea, but with the hope of claiming royalties from someone else who subsequently develops the idea (often independently).

Why is this idea important?

The wholesale reform of Patent and other Intellectual Property Rights laws to ones based upon the principle of a COMMON TREASUARY OF KNOWLEDGE & IDEAS rather than on the individual ownership of intellectual property.

Existing laws are currently hindering the development of ideas and the application of new technology such that many ideas are only developed to the extent that they make sufficient financial return for the IPR holder who then often chooses not to develop the idea further. In many cases the ideas behind patents are not developed at all, but registered to prevent the development of products that could compete with those of the IPR holder. Patents are often held by companies with no intention of making any investment in the idea, but with the hope of claiming royalties from someone else who subsequently develops the idea (often independently).