Earlier quoted context omitted.
Alternatively, make the cost to renew a patent each year increase exponentially, with the base proportional to the worth of the individual/company filing the patent at the time of filing. That ties the duration of a patent directly to how much value it provides to the company over time, which is the rationale for having patents in the first place. A company could only afford to hold onto a patent for as long as it ca…
Getting exponential curves right is very tricky though (just look at Covid). I believe using such escalating fees would just favor the big companies who can stay ahead of the curve. Another idea I think worth exploring is mandatory licensing at fixed rates which decline over years and/or are tied to revenue the patent holder generates with the patent. The goal really should be to increase utility of the patent for th…
But that’s fine. If a company can rake in so much money off of one product it’s still providing an obscene amount of value.