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 let and listen to an resound podcast about business enterprisees being created to fulfil other businesses for dexterous topographic point misdemeanor or obvious infringement. A term that lots was brought up to describe these companies was patent bout. According to the speech sound, patent rungs, have unreasonable demands and arrange much like the mafia in a way. These trolls leave behind bully other companies into nonrecreational monopoly type rents or tolls (Glass, 2011), or they risk being sued by the trolls. Patent trolls, in their own way, hurt the competitiveness of other companies and also leads to slowing innovation. permit 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 Ventures ( IV). The IV website claims, In 10 perfectly years, weve become a international leader in the business of invention, HOLDING one of the largest clever property portfolios (Intellectual Ventures, 2012). However, according to the audio podcast, IV is sitting upon an armoury of over 30,000 patents, only a mere one one thousand 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 flog companies, or entities, because according to the audio, no one really works in these separate comp anies they ar just shells used to sue other! companies. Patents can be moved around to these entities and heavy action can be taken against other companies who bilk 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 radiocommunication in the IV showcase just mentioned? Verizon bought the rights and is now a licensee of said patent later on already face up court from...If you want to get a full essay, erect it on our website: OrderCustomPaper.com

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