Do We Really Need Patent Reform?

There is lots of talk of patent reform, so news today that Amazon & IBM have settled their many suits is timely. Anti-reform sorts will use this to argue that the market and property rights allows patent owners to sort things out themselves, no politicos required; reform-minded people will point to the high costs Amazon & IBM incurred (and, of course, passed on) getting to today’s point. Inc. and International Business Machines Corp. Tuesday said they have settled all patent lawsuits between the companies, ending a years-long dispute over whether patents on methods of doing business should be applied over the Internet.

Under the settlement, Amazon will pay IBM an undisclosed sum. The companies also reached a long-term patent cross-licensing deal.


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