patent trolls

On October 1, we wrote a blog about patent trolls, otherwise known as NPEs (Non-practicing entities), which are companies that don’t make or sell anything; they solely own patents. In an effort to thwart these patent trolls from buying patents for the sole purpose of frivolous lawsuits against unsuspecting businesses, the House Judiciary Committee Chairman, …

Patent trolls, otherwise known as NPEs (Non-practicing entities), are comprised of companies that don’t make or sell anything; they solely own patents. The money that is made by these entities comes primarily from obtaining licensing fees from businesses that use technologies covered by the patents they own. First known as “patent sharks,” these persons/entities, now …