Patent Troll

What is a Patent Troll?

itMyt Explains Patent Troll:

A Patent Troll is someone or employer that buys patents entirely for enforcement in court Docket against alleged infringers. In many cases, patent trolls do now not intend to similarly expand or sell the patented era but use the patent as a way to growth earnings in the Form of licensing prices or reparations.

Tech groups are an increasing number of spending Greater time and money defending themselves in court towards patent infringement court cases. These lawsuits often pit one tech company in opposition to another, however those fits are also iNitiated by means of trolls or corporations that exist specifically to shop for and implement the patents of other humans.

A patent troll’s litigious movements can be known as patent trolling.

What Does Patent Troll Mean?

Patent complaints are specially commonplace in the tech international for a few reasons, one being that Software Program is patented, instead of copyrighted. The language utilized in Software Patents additionally tends to be greater abstract than that of pharmaceuticals, for Instance. When aggressive patent litigation eMerged within the Nineties, many Businesses – maximum drastically, Microsoft – paid loads of thousands and thousands of greenbacks in settlements and awards.

As a end result, many tech companies started collecting patent stockpiles to help protect themselves in opposition to litigation. These stockpiles, referred to as shielding patents, can help prEvent fits among agencies due to the fact each has enough patents to time and again sue the opposite. This is what befell whilst Yahoo sued Facebook for patent infringement on 10 patents in March 2012. Rather than settling, Facebook countersued with 10 of its patents.

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