Another Nail In The Coffin Of The Entrepreneurs!
By: Eric Hart (EKiwi)
Another nail in the coffin of the entrepreneurs!
These could be the most important couple of hundred words you read this year!
If you thought "Habeas" and the FTC were bad news you NEED to know about this immediately.
A small Montreal based company with patent rights covering e-commerce transactions is demanding licensing fees and threatening legal action against those not complying.
DE Technologies has been granted patents in New Zealand, the US and Singapore covering cross-border e-commerce processes such as electronic invoicing, exactly what thousands if not millions do when selling online.
It appears that initially at least DE Technologies have elected to pick on the small guys, one and two man operations and are demanding license fees in the order of US$10,000 plus a percentage of website transaction value.
Read the full story as published in The New Zealand Herald here
http://www.nzherald.co.nz/storydisplay.cfm?storyID=3511627
Us Kiwi's are not known for taking this sort of stuff lying down and a website has already been set up to fight this lunacy.
Show your support here
http://www.fightthepatent.co.nz/
Don't look at this article and think "it won't concern me", these patents have been granted in the US already, and if successfully applied you can bet your last 5 cents will be worldwide before you even know it.
