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Patent Trolls

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Patent-troll

A Patent Troll, also called a Patent Assertion Entity (PAE), is a person or company who enforces patent rights against accused infringers in an attempt to collect licensing fees, but does not manufacture products or supply services based upon the patents in question, thus engaging in economic rent-seeking over some vague ideas.

The absurdity of Intellectual Property of Digital Age is Software patents, which are usually very broad in what ideas they can cover.

Non Practicing EntityEdit

Most patent troll fall into the category of Non-Practicing Entity (NPE), as they do not produce anything. That is because these NPEs are companies created solely for patent litigation, funded by big corporations who don't want to be seen as Patent Trolls themselves.

An excellent example of NPE is Rockstar. "Pretty much anybody out there is infringing" Rockstar patents.[1]

Immunity to patent trollsEdit

The only immunity to patent trolls is to move company HQ to a communist country, like Cuba, China, North Korea, etc. China especially is flourishing under almost non-existent Intellectual Property laws.

External LinksEdit

ReferncesEdit

  1. How Apple and Microsoft Armed 4,000 Patent Warheads

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