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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.
The Court ordered an ad interim injunction restraining the infringers from using the firm’s trademarks. where the trademark of the firm ‘Anand and Anand’ was being used in fraudulent emails making false claims, requisitions and allegations. A similar issue arose with M/s. Anand and Anand v John Does & Ors.
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 prudent IP strategy would therefore consider patent protection for more physical innovations and trade secret or copyright protection for software.
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.
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