Patent Trolls: The Complete Guide

Best examples of patent trolling blind dating 2006 full movie online Updated Mar 26, 2018 What is a Patent Troll A patent troll is a derogatory term used to describe the use of patent infringement claims to win court judgments for profit or to stifle competition. The term may be used to describe a number of activities that utilize patents and the court system to earn money. While the practice of patent trolling is not illegal, a patent troll has no intent of ever developing a product or service by utilizing a patent. The end result is bad faith infringement threats and licensing demands that cost companies significant money to litigate or settle without any addition to the public good. A patent troll may also be known as a "patent shark," "dealer," "marketer" or "pirate.

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Several different types of businesses can fall prey to patent trolls. Businesses that face bankruptcy and must sell off their assets Small businesses that can't afford to protect themselves against patent trolls Companies that have many patents and have not acted on them commercially However, any business can find itself threatened by a patent lawsuit. Why Are Patent Trolls Dangerous? Many companies have filed for bankruptcy while fighting a patent infringement lawsuit in court.

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Startups aren't typically founded by lawyers, so patent law isn't usually a front line issue for them. Part of that is because the headlines focus on big lawsuits lobbed at big companies , which creates a false sense of security. And, as such, there is something I want entrepreneurs, inventors and early-stage businesses to know. Yes, you are a potential target for patent trolls, and yes, there is something you can do about it.

Patent Trolls: Top 10

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