If you are not familiar with the term of “patent troll”, but you feel the need to add yet another ounce of knowledge to your already existing stocks of information, you have landed the right page. We are going to let you in on the main details regarding patent trolls, so stay tuned and read this through.
First of all, you need to know that a patent troll is nothing but a patent holder who is suing his patents in a way that tends to bring damages to the entire purpose or meaning of the patent system, and hence he tends to encourage new inventions and technology advancement. If you are not exactly directly involved in this particular field of work, you might treat this information as some penny auctions that do not pose a great deal of interest for you. Also, if you do not hold any patents of your own, you might also tend to disregard this sort of information on patent trolls, just like you were the owner of an MBA in healthcare or an MBA finance related and you would be offered some real estate in Belize jobs.
Peter Detkin is an in-house patent lawyer at Intel who gave birth to the initial term of patent trolls. Just the way searching for some IT jobs could be considerably narrowing down your search process related to South Africa accommodation, the same can be said about the way Peter Detkin has narrowed the sense of the phrase “patent troll” – referring to companies that have bought low value patents which they use afterwards in nuisance law suits. Folks owning masters of accounting, masters in communications or a master of science in nursing could all be joining forces on an online forum addressing the matter of patents; this is actually the place where the significance of the word “troll” has seen the light of the day. Troll was a term used in order to describe something annoying or disturbing, with special emphasis on the forum or on-line participants that took part in all sorts of talks that tended to provoke others because of their false and controversial character.
At present, the term “patent troll” seems to be used in a much more vague manner, and often times companies are using it whenever they are buying patents that are not directly related to the nature of their current business. This way, by making these purchases, these companies are going to become a lot stronger as they will no longer be potentially threatened with counter suits. These counter suits do not resemble those PPI claims you might have heard of, as they are much more serious and they normally involve the need to be settled with the help of cross-licensing agreements. Another highly used field the term patent troll is constantly being used in refers to the techniques some companies are using – such as stockpiling submarine patents. On short, thinking about the future and sort of ignoring the current business is something that these companies normally choose to do.