Today I am going to talk about what non-practicing entity (NPE) is, or also known as patent troll, patent holding company (PHC), or patent assertion entity (PAE).
So basically what is Patent Troll?
- It is a person or a company who misuses patents as a business strategy by enforcing patent rights against accused infringers to collect licensing fees
- It does not manufacture products or practice the idea based upon the patent
- It can launch lawsuits against infringing companies or simply hold the patent so that it keeps other companies productivity at a standstill
- It obtains the patents being sold at auctions from bankrupt companies attempting to liquidate their assets
One fun fact I learned while researching about patent troll is that patent trolling has been less of a problem in Europe than in the US because Europe has a loser pays costs regime.
Hi Tiffany! This is a great post. First off, I really, really like the simple organization here, where everything on the definition of patent troll is bulleted. It is super easy to follow, which is exactly what the viewer needs. I learned a lot about patent trolls from this post! Maybe one this you could do to improve this post in the future would be to add some examples to help us better understand what it actually is!
ReplyDeleteGreat breakdown as to what a patent troll is! There are a lot of people who just throw the term around without understanding what it means! If you could add some real world examples that would make it that much better!
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