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The author of a new book who was previously accused of employing junk economic science says that software ownership is damaging innovation and impeding U.S. competition. Continue reading.
Individuals and companies commonly engage in the strategic purchasing of critical blocking patent portfolios. For example, the rise of patenttrolls, who litigate cheaply-bought patents, use the IP system as a legal weapon. Moreover, damage demands in litigation cases involving IP are rising.
IP Ownership Nearly all purchase agreements require the seller to warrant that it owns or licenses the intellectual property necessary for operation of the business. A settled “patenttroll” lawsuit is typically not the end of the world and is very common for any company in the middle market or larger.
Others have accused him of being a “patenttroll” based on the broad interpretation of his patents and his litigious enforcement activity. His entities have filed a whopping 1,249 patent infringement lawsuits with 23 of those pending. This certainly qualifies as a high volume patenttroll.
The dictionary definition: Trolling is a way to intentionally annoy in order to get attention or cause trouble. In the IP context, trolls are also seen as entities that misleadingly or falsely assert ownership of IP rights, with the intent of making money out of duping people.
patenttrolls, paid content promoted as ‘unbiased truth,’ and sometimes just blatant lies. Pegasystems argued that its statements that Appian’s total cost of ownership is “higher” couldn’t be literally false because “[h]igher than what is not specified.” “But There was also a triable issue on falsity.
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