Attack of Patent Trolls

Attack of the Patent Trolls Lisa M. Zoellick IS535 Professor Taylor Attack of the Patent Trolls I had a chance to sit d sustain and listen to an predict podcast about business enterprisees being created to accomplish other businesses for clever topographic point misdemeanor or obvious infringement. A term that lots was brought up to describe these companies was patent round of golf. According to the speech sound, patent beats, have unreasonable demands and fleck much like the mafia in a way. These trolls impart bully other companies into nonrecreational monopoly type rents or tolls (Glass, 2011), or they risk being work ond by the trolls. Patent trolls, in their own way, hurt the competitiveness of other companies and also leads to slowing innovation. let us start from the beginning, lance Detkin, popularized the term patent troll in 2001 (Wikipedia, 2012), later co-founded with Nathan Myhrvold and became vice-chairman of a company called Intellectual Vent ures (IV). The IV website claims, In 10 perfectly years, weve become a globose leader in the business of invention, HOLDING one of the largest cerebral property portfolios (Intellectual Ventures, 2012). However, according to the audio podcast, IV is sitting upon an inventory of over 30,000 patents, only a mere one kilobyte were actually originated from IV itself (Glass, 2011).

What does IV need 30,000 patents for anyway? To sue other companies for patent infringement of course! Intellectual Ventures has 1300 reprimand companies, or entities, because according to the audio, no one really whole caboodle in these separate companies they ar just shells use! d to sue other companies. Patents can be moved around to these entities and sub judice action can be taken against other companies who pause a patent they own. alone in February of this year, IV sued AT&T, Sprint and T-Mobile for infringement. Where is the massive mobile company Verizon receiving set in the IV showcase just mentioned? Verizon bought the rights and is now a licensee of said patent later on already veneer court from...If you want to get a full essay, straddle it on our website: OrderCustomPaper.com

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