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We are meeting here to call for changes in the US patent laws. We believe such changes in the US patent laws are needed to deal with new business models related to the Internet.
US patent laws are designed to protect the commercial rights of people who have invested in new products or techniques. And I propose that the period of protection should be cut form 17 years to 3 years.
From my experience of working with Hi-Technology companies in California’s Silicon Valley, the biggest problems arise when existing patent protections for business methods are combined with the Internet.
If changes in the patent laws are going to have any real impact, they must be made soon. Some of my colleagues in the industry have already begun lobbying lawmakers to make the changes.
