ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Tuesday, January 19, 2021
Search
    Generic filters
    California Business Journal
    54 °f
    Los Angeles
    65 ° Wed
    62 ° Thu
    58 ° Fri
    53 ° Sat
    51 ° Sun
    51 ° Mon
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      claiming gambling losses on your taxes

      Can you claim gambling losses on your taxes?

      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

    • People
    • Featured
      solar-panels

      The Rising Phenomena of Solar Energy Hits A New Gear in California

      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      Reborn Cabinets, Anaheim, Calif.

      BBB Torch Awards Recognize Orange County Businesses

      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Reborn Cabinets, Anaheim, Calif.

      BBB Torch Awards Recognize Orange County Businesses

      Casino winnings

      What to Do When an Online Casino Refuses to Pay Out Your Winnings

      sports stadium

      With SoFi Stadium and Golden 1 Center, California Has Emerged as The Industry-Leader In Sports Facilities

      claiming gambling losses on your taxes

      Can you claim gambling losses on your taxes?

    • Health & Fitness
      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      claiming gambling losses on your taxes

      Can you claim gambling losses on your taxes?

      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

    • People
    • Featured
      solar-panels

      The Rising Phenomena of Solar Energy Hits A New Gear in California

      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      Reborn Cabinets, Anaheim, Calif.

      BBB Torch Awards Recognize Orange County Businesses

      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Reborn Cabinets, Anaheim, Calif.

      BBB Torch Awards Recognize Orange County Businesses

      Casino winnings

      What to Do When an Online Casino Refuses to Pay Out Your Winnings

      sports stadium

      With SoFi Stadium and Golden 1 Center, California Has Emerged as The Industry-Leader In Sports Facilities

      claiming gambling losses on your taxes

      Can you claim gambling losses on your taxes?

    • Health & Fitness
      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    Search
      Generic filters
      California Business Journal

      PATENTLY UNIQUE

      by Susan Belknapp, Senior Writer, California Business Journal
      A A
      IMG 06542 - PATENTLY UNIQUE
      Share on FacebookShare on Twitter

      A new distribution and licensing concept could revolutionize the global economy and make intellectual-property litigation a thing of the past.

      By Susan Belknapp, California Business Journal

      To say the idea for PatentBooks™ – an innovation aimed at transforming the way patents are distributed, paid for, and licensed – was divinely inspired, would not be an exaggeration to the man who created it, Art Nutter.

      Nutter is chairman, CEO and founder of Colorado Springs-based TAEUS Corporation, an international intellectual-property (IP) rights company, which he founded in 1992. A man deeply committed to his Catholic faith, he has let that belief and inspiration guide him on many of his life’s ventures.

      “I’ve always been a rule breaker and a bit of a rebel,” he says. “The good Lord blessed me with a big mouth, vision and, really, a lack of fear about almost anything that would deter most people and I’ve managed to use it throughout my life.”

      Nutter enthusiastically shares how his deep convictions have brought “miracles” into his life and how they’ve fueled his commitment to following what he describes as divine guidance.

      “I’ve experienced several ‘write to the Pope-type’ miracles,” he says. “I fully recovered from an injury that should have prevented me from ever walking again. My pregnant daughter came back to life after being given up for dead in a swine flu epidemic. And my father, who was diagnosed with stage-four pancreatic cancer, lived an additional three years past his prognosis – that is almost unheard of!”

      After these experiences, Nutter could not ignore the voice that came to him one day telling him he needed to find a way to make patent transactions more efficient around the globe. With that, he took his decades of IP experience, his high-powered contacts, and his insight into how massive companies handle patents, and came up with PatentBooks.

      An untenable situation

      “As someone who has worked with intellectual property rights for 26 years, I see myself as somewhat of an arms dealer,” Nutter says. “Patents are currently being used as weapons of economic warfare and back when we founded TAEUS, it was considered a ‘sport of kings.’ Only the big guys could play. But the little guys were saying, ‘You’re using my stuff, why can’t I play too?’ The kings didn’t like this.”

      ADVERTISEMENT

      Trying to track down and find every patent holder on one tech component is an overwhelming task. For instance, the components of a smartphone involve about 350,000 patents. This makes it extremely difficult for little guys to get paid for the patents they hold. It also results in patent wars among the large companies spending years and billions of dollars locked in litigious battles that have all but ruined some companies.

      Related

      boxing-gloves

      Mystical Phenomena

      January 19, 2021
      solar-panels

      The Rising Phenomena of Solar Energy Hits A New Gear in California

      January 19, 2021
      Load More

      “Remember when Sharp and Samsung were locked in a battle for patents for liquid-crystal display (LCD) TVs?” Nutter asks. “It was a very nasty litigation that went on for six years and while the companies were completely preoccupied with these lawsuits, Vizio came out of nowhere and took a massive chunk of their market share.

      Battles between Apple and Google have resulted in a billion dollars in damages and easily hundreds of thousands in legal fees for both companies. The issue centered on only seven of those 350,000 patents involved in the manufacturing smartphones.

      “The thing is, Apple and Google aren’t thieves, nor are many of the international tech developers, but the system as it exists gives them little recourse to be able to pay with any ease, equity, or consistency,” Nutter says. “I think Steve Jobs said it best when he was pitching iTunes after the Napster debacle: ‘Most people are honest, if you give them the chance to be honest.’”

      PatentBooks is a concept that can fix all of this. It will result in more patent holders being paid and all but eradicating litigation. The large companies can focus on what they do best: innovation and bringing products to market.

      So what is PatentBooks? The easiest way to describe it is Spotify for patents, broken down by industries. All patent holders can “opt in” to the PatentBook related to their industry and companies and other innovators that might need those patents will pay a regular subscription fee. It will become a standard business expense as commonplace as a utility bill. PatentBooks then bundles the patents and breaks them down to a three-tier pay structure that is easy, equitable, and consistent across every industry.

      “We have determined the top two percent of any patents in a bundle are the pivotal ones – those are Tier 1,” Nutter says. “These guys should get half the money because they’re that good. Tier 2 is 13 percent of patents in the bundle on the next level – they get 30 percent of the money and the remaining 85 percent are almost obsolete but instead of giving them zero, we give them two percent, which is enough to keep their maintenance fees revenue neutral.”

      Industry response

      Though Nutter is just beginning to launch the official PatentBooks strategy worldwide, he’s been socializing the concept for the past few years and the response has been overwhelming. He’s met with all three branches of the United States government and has presented at conferences throughout the world. Some might be surprised to hear that Chinese venture capitalists have been among the most enthusiastic about the idea, but he wants to perfect the concept in his native language before launching in other countries.

      “I’ve been told by contacts at Apple and Google that this changes everything and it is even ‘too big’ for them,” he says. “Can you imagine? Too big for Apple and Google? Though they are very interested, they didn’t want to be the first ‘firsts’ to sign on. They preferred to be the first ‘seconds.’”

      The inaugural PatentBook is now being built with the help of major investments. The industry: autonomous vehicle technology. On the verge of exploding, autonomous vehicles are a particularly attractive prospect because the concepts currently being developed and tested are not a few large inventions but a collection of thousands of small ones. Once launched, the innovations will spread across the globe at warp speed.

      Already endorsed by the Roman Catholic Church, PatentBooks will benefit everyone involved. Inventors will get paid. Innovators will have a predictable low payment and patent wars can be virtually eliminated.

      “We are at a unique phase of human history,” Nutter says. “We continue to learn from each other and technology allows us to duplicate knowledge faster and more efficiently than ever before. We need to implement a system where those who are doing the creating are getting paid for their work.

      Copyright © 2018 California Business Journal. All Rights Reserved.

      s1 - PATENTLY UNIQUE

      s2 - PATENTLY UNIQUE

       

       

       

       

      Tags: 2018AppleArtArt NutterCaliforniacancerCEOChineseCorporationDeadeconomyfocushonestinnovationintellectual propertyinvestmentsIPjobslawsuitslitigationmanufacturingPatentBooksPatentBooks is transforming the way patents are distributed paid for and licensed.patentssmartphonesTaeus Corp.technologyvehicles

      Get real time update about this post categories directly on your device, subscribe now.

      Unsubscribe
      ADVERTISEMENT
      Previous Post

      Draper and Kramer Mortgage Corp. Expands California Presence with New Santa Barbara Branch

      Next Post

      The CMO for ‘Geeks, Scientists and Engineers’

      Susan Belknapp, Senior Writer, California Business Journal

      Susan Belknapp, Senior Writer, California Business Journal

      Susan Belknapp is a Writer, Editor and Corporate Communications expert with 15 years of professional writing experience across a wide variety of disciplines, including monthly print and digital magazines, social media, marketing and brand development. A graduate of University of Southern California with a degree in Fine Arts and Filmic Writing, Susan was Editor of OC Metro Magazine, which became part of the Orange County Register. Susan is also the Founder of Chonubusu Toffee, an online/direct-sale English toffee company specializing in custom orders, events, personalized labeling and dangerously delicious product prepared with the finest ingredients.

      WHAT TO READ NEXT

      boxing-gloves
      Human Interest

      Mystical Phenomena

      January 19, 2021
      sports stadium
      Education

      With SoFi Stadium and Golden 1 Center, California Has Emerged as The Industry-Leader In Sports Facilities

      January 19, 2021
      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276
      Business

      Who is part scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach?

      January 14, 2021
      Lisa Thee
      Business

      Launch Pad

      January 14, 2021
      Silicon V Real Instituto
      Featured

      The Entrepreneurs ‘Angell’

      January 12, 2021
      gary vaynerchuk finger
      Business

      Gary Vaynerchuk’s Essential Tips For Business Growth

      January 8, 2021
      Next Post
      Jen Beever Headshot 1 - The CMO for 'Geeks, Scientists and Engineers'

      The CMO for 'Geeks, Scientists and Engineers'

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Top Stories

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0
      • The DealMaker

        0 shares
        Share 0 Tweet 0

      Latest Articles

      boxing-gloves

      Mystical Phenomena

      January 19, 2021
      solar-panels

      The Rising Phenomena of Solar Energy Hits A New Gear in California

      January 19, 2021
      Reborn Cabinets, Anaheim, Calif.

      BBB Torch Awards Recognize Orange County Businesses

      January 19, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR

        Do NOT follow this link or you will be banned from the site!