patent troll

An organization that uses its patents to generate revenue without manufacturing the products that the patents pertain to. The patents are usually purchased from a third party, which may be going out of business or is no longer interested in bringing the product to market.

Also called a "non-practicing entity" (NPE), which is the more noble term, the patent troll looks for infringers that have invested heavily in the product and often has to threaten them with or actually instigate a lawsuit in order to obtain licensing revenues. Companies that are involved in the business that the patent covers may indeed sue others for patent infringement, but that does not make them a patent troll. A patent troll is a holding company that buys patents based on their potential profitability if enforced.

David Wanetick, Managing Director of IncreMental Advantage and Chief Intellectual Property Officer, said, "Sources of Intellectual Property litigation include attacks by patent trolls, disputes over licensing issues, business methods patent violations, counterfeiting and disclosures of trade secrets.

Intellectual Property Litigation Threatens a Growing Array of ... by Business Wire

At the session "Patent Trolls: Identifying them and mitigating their damage" panelists will discuss patent trolls and how companies can effectively defend their IP against aggression from these entities.

Chipworks a Panelist at ''Maximizing Returns on Your Intellectual ... by Business Wire

CEOs and presidents; CFOs, treasurers, controllers and investment officers; as well as senior strategic planning, marketing and operations officers who attend the session will be able to understand what can and cannot be patented in the insurance field, the true nature of the patent troll threat they are facing, and the proactive steps they can take to preserve their freedom to operate.

LOMA To Host Presentation on ``Patent Trolls in the Insurance ... by Business Wire

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