Tuesday, May 5, 2015

Assignment #8 Patent litigation part 2

In the post I will continue talking about patent litigation by non practicing entities. I will be focusing on the controversy that has surrounded patent trolls. A lot of times you here people criticize patent trolls because they cause inventors to be less innovative. If there is some troll with a patent giving you a hard time with your invention than one might get discouraged and stop thinking of new inventions. Patent trolls are also labeled as "thieves” since many see their work as a money making scheme without any positive outcome. Since non practicing entities are not a business or have any market competition than many complain that they have unfair trade practices. About 90% of lawsuits involving patent trolls end in a settlement in which the patent trolls are paid off the amount they ask for.Currently their has been much debate over the issue of how to stop patent trolls and many people are working to change the power that these patent trolls poses.



No comments:

Post a Comment