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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.”

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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.