The more I hear about it the more convinced I am that we should only allow IP to be held by individuals (and make it non-transferrable). Instead of selling your idea to some company you could instead just sell a promise not to sue them for the duration of your claim (which I'd be fine setting to your natural lifetime under this system).
I really just think that repealing the system that imposes artificial scarcity on ideas would be the best at this point. It doesn't encourage creative work. No one decides to make art because they want to own its likeness. Tons of people have certainly stopped or decided not to start because we aren't allowed to stand on the shoulders of previous generations anymore though.
The more I hear about it the more convinced I am that we should only allow IP to be held by individuals (and make it non-transferrable). Instead of selling your idea to some company you could instead just sell a promise not to sue them for the duration of your claim (which I'd be fine setting to your natural lifetime under this system).
I really just think that repealing the system that imposes artificial scarcity on ideas would be the best at this point. It doesn't encourage creative work. No one decides to make art because they want to own its likeness. Tons of people have certainly stopped or decided not to start because we aren't allowed to stand on the shoulders of previous generations anymore though.
How would that be any different than the current system, aside from the fact that IP rights always dies with the originator?
Can you agree to let the firm renting the rights sue others for using it without contract?