Patent troll

Patent troll,

Definition of Patent troll:

  1. A company or person that acquires a lot of patents without the desire to actually develop the products. Instead of making money from the product, the company or individual launches a large amount of patent infringement lawsuits. The sole purpose of a patent troll is to identify infringers and sue them.

  2. A patent troll is a derogatory term used to describe a company that uses patent infringement claims to win court judgments for profit or to stifle competition. The term may be used to describe a number of business activities that utilize patents and the court system to earn money.

  3. While the practice of patent trolling is not illegal, a company that acts as a patent troll files patent claims without any intention of ever developing a product or service. The end result is bad faith infringement threats and licensing demands that require companies to spend a significant amount of money to settle these claims without any addition to the public good. A patent troll may also be called a "patent shark," "dealer," "marketer," or "pirate." A patent troll operation may be called a "patent assertion company," "entity," or a "non-manufacturing patentee.".

How to use Patent troll in a sentence?

  1. Patent trolls use a number of legal activities and loopholes that involve patents and the court system to earn money, including filing false patent infringement claims.
  2. While the practice of patent trolling is not technically illegal, a company that acts as a patent troll files patent claims without any intention of ever developing a product or service.
  3. A patent troll exploits existing structural issues within the U.S. patent and court systems in order to generate revenue.

Meaning of Patent troll & Patent troll Definition