Meet the Patents: Fostering Innovation and Reducing Costs by Opening Patent Portfolios.

The article argues that opening patent portfolios not only fosters innovation but also significantly decrease litigation and transaction costs for companies. It provides an overview of the U.S. patent system and examines the advantages and problems associated with the modern patent system and shows how an open source model presents a useful solution to the patent puzzle. It points out that the U.S. patent system stunts innovation and allows patent trolls to abuse the legal system.