[visualradio]

The question should be how do we eliminate unnecessary transaction costs and overheads associated with license negotiations, legal fees, and courts costs, and ensure new public inventions can be immediately manufactured by a large number of domestic firms before they are knocked off by foreign manufacturers uninterested in obtaining licenses, while still compensating the original inventor?

A possible solution is to require the patent filers to declare the price at which they are willing to permanently release the invention into the public domain in exchange for a one time payment. Then if someone is sued for IP violation the defendant can crowd-source the inventor's fee and pay it through the patent office to have the the patent destroyed immediately without hiring lawyers or halt production.

The IP registrar could then levy a quarterly maintenance tax on the quit price filed by the IP holder to prevent the inventor's fee from being set infinitely high.