Problem is lack of a functioning market for technology rights


By George Mattathil – There are two basic deficiencies in the U.S. patent system:

1. Overemphasis of patent as a legal instrument, and
2. Inadequacy of systems for its use as industrial property right.

This result is caused by lack of a functioning market for technology rights embedded in patents and patent derivatives. Without a streamlined market for technology rights, the economic and commercial activities based on the underlying technologies are delayed or inhibited.

The “Land of Tinkerers” has a well developed market for music rights, but does not have even a primitive one for technology rights!

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