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 avouch and listen to an headphone podcast about business enterprisees being created to march other businesses for quick-witted topographic point misdemeanor or obvious infringement. A term that lots was brought up to describe these companies was patent unit of ammunition. According to the speech sound, patent rounds, have unreasonable demands and bet much like the mafia in a way. These trolls will bully other companies into nonrecreational monopoly type rents or tolls (Glass, 2011), or they risk being workd by the trolls. Patent trolls, in their own way, hurt the competitiveness of other companies and also leads to slowing innovation. allow 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 Ve ntures (IV). The IV website claims, In 10 perfectly years, weve become a globular leader in the business of invention, HOLDING one of the largest mind property portfolios (Intellectual Ventures, 2012). However, according to the audio podcast, IV is sitting upon an arsenal of over 30,000 patents, only a mere one green 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 weighing machine companies, or entities, because according to the audio, no one really whole kit in these separ ate companies they ar just shells used to s! ue other companies. Patents can be moved around to these entities and legitimate action can be taken against other companies who wear 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 radio 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, redact it on our website: OrderCustomPaper.com

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