The tech industry here in Texas and elsewhere could have an ally in the Federal Trade Commission (FTC). The FTC recently released a report calling for reform in patent law that currently allows PAEs (patent assertion entities, also known as patent trolls) to file lawsuits in an attempt to shakedown companies in the industry. The business model employed by PAEs is examined in the report and suggestions are made regarding changes in patent litigation.
When you invent a product, you will need to take certain steps to protect your rights with regard to it. Patent law can provide the protections you need, but first you must decide between two different types of patents -- utility patents or design patents. Which type a Texas inventor chooses depends on several factors.