article thumbnail

Litigation as a Source of Profit? Non-Practicing Entities and Patent Litigation

IPilogue

The second kind, private parties, often use the patents they acquire for profit through damage or settlement awards, or royalties and licensing rights. NPEs who acquire patents solely for profit (and not commercialization) are also called “Patent Trolls” or “ patent assertion entities.”

article thumbnail

Patent Assertion Entities: A Boon or a Bane?

Kashishipr

The term ‘Patent Troll’ originated in 1994 in an educational video by Paula Natasha Chavez called the ‘Patents Video.’ ’ A patent troll is a term used for describing a company that uses Patent Infringement claims to win arguments and court judgments for profit or to stifle competition.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AI and IP Law: Podcast with Yuri Eliezer

LexBlog IP

AI and IP Law: Podcast with Yuri Eliezer by Yuri L. Eliezer AI and Intellectual Property Law An Insightful Discussion with Yuri Eliezer The intersection of Artificial Intelligence (AI) and Intellectual Property (IP) Law is becoming increasingly significant in the dynamic landscape of technology and innovation.

Law 52
article thumbnail

Open-Source & Patent Rights – Can They Co-Exist?

Kashishipr

If a business company releases its software via open-source licensing, it can limit the company’s ability to assert its Patent Rights. In this case, it becomes essential to note that the decision to go ahead with open-source licensing should not prevent the software owner from seeking Patent Protection. Bottom Line.

Patent 81
article thumbnail

Patents & Politics Don’t Mix: Why the Supreme Court’s Decision in Arthrex Fails to Fix an Underlying Problem

LexBlog IP

.” The AIA’s co-sponsor, Representative Lamar Smith (R-TX), stated that the intent of the AIA was to fight against “ patent trolls [that] hurt small businesses and independent inventors.” This certainly begs the question of who the actual “patent trolls” are.