Good Night guys! Today we are going to talk about PATENT TROLL, but first let's see what does that mean.
A derogatory term used to describe people or companies that misuse patents as a business strategy. A patent troll obtains the patents being sold at auctions by bankrupt companies attempting to liquidate their assets, or by doing just enough research to prove they had the idea first. They can then launch lawsuits against infringing companies, or simply hold the patent without planning to practise the idea in an attempt to keep other companies productivity at a standstill (Patent Troll, n.d.).
Why is it important?
Well in the next two videos we are going to discover the importance and consequences of this kind of patents.
The first video is about a judge presiding over one of the highest-ranking patent courts in the country has called down the thunder on software patents. Finally, we can all rip off each other's ideas in peace and harmony.
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The second video is from Drew Curtis, the founder of fark.com, who tells the story of how he fought a lawsuit from a company that had a patent, "...for the creation and distribution of news releases via email." Along the way he shares some nutty statistics about the growing legal problem of frivolous patents.
Reference APA:
Patent Troll. (n.d.). Retrieved from: http://www.investopedia.com/terms/p/patent-troll.asp#ixzz4wlYKMqP3
The Know. (2016). Patent Trolls DEFEATED forever? Retrieved from: https://www.youtube.com/watch?v=aZKoXHv-5tM&feature=youtu.be
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