Good patents support innovation while bad patents hinder it. Bad patents drive up costs for innovative companies that must choose between paying undeserved license fees or staggering litigation costs. That’s why today we are excited to launch a new version of Google Patents, which has the power to improve patent quality by helping experts and the public find the most relevant references for judging whether a patent is valid.
The ability to search for the most relevant references--the best prior art--is more important today than ever. Patent filings have steadily increased with 600,000 applications filed and 300,000 patents issued in 2014 alone. At the same time, litigation rates are continuing their dramatic climb, with patent trolls bringing the majority of cases, hitting companies of every size in industries from high-tech to main street. ...more
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