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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.

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NPE Showcase – Leigh Rothschild

LexBlog IP

And in virtually all cases, NPEs purchase the asserted patents from another company seeking to divest assets for cash. Mr. Rothschild is typically both the inventor of the asserted patent and the owner of the company asserting the patents. This certainly qualifies as a high volume patent troll.

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Government Must Reform the ITC to Keep Pace with Innovation and Curb Trolls

IP Watchdog

In 2001, six years before the iPhone appeared, a futurist named Ray Kurzweil wrote that humankind would cram 20,000 years of technological progress into the century that had just begun.