Pantent Troll

1.  Steven rubin, a New York Intellectual Property lawyer. He argues that cases initiated by patent trolls are part of a business model that results in creating an environment favourable to innovation. By licensing their patents to trolls, inventors are able to enlist the help of these entities to fight the bigger players like Microsoft in order to defend their patents.

According to Rubin, “most inventors barely have enough money to file for a patent application. Even if the inventor can afford to get the patent to grant, patent litigation is exorbitantly costly, frequently requiring millions of dollars to fund. Individual inventors, and even small or medium-sized companies, cannot afford such fees without another company to finance the litigation or at least to license or buy the patent…The inventor may never realise any benefit from his toils.”

Steven Rubin. “Hooray for the Patent Troll” march 1 , 2007

http://spectrum.ieee.org/consumer-electronics/gaming/hooray-for-the-patent-troll

 Patent trolls are often the buyer of last resort for an inventor who cannot afford to develop his or her invention into a product.

patent trolls have deep enough pockets to do battle with the exploiters of my invention. They pay me good money for my intellectual property. Maybe they even let me tag along with the promise of some residual participation in their winnings.

So let’s take a moment to thank the trolls for their role over these 200 years as buyers of last resort whenever patent thieves had deeper pockets and more determination than the inventors

February 10, 2014 issue of Forbes

http://www.forbes.com/sites/realspin/2014/01/24/thank-heavens-for-those-patent-trolls/

We saw that 90 per cent of all cases end in a settlement. When a troll was involved, the court achieved resolution more quickly. Going to court against a patent troll is very challenging, and many players prefer a settlement in order to avoid an expensive court case. The patent troll...