ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Wednesday, April 29, 2015
With Patent Litigation Surging, Creators Turn to Washington for Help
Patent law is becoming a high profile topic in congress. There has been a lot of related lawsuits in the past few years. A Senate bill was put forth to address companies that are "patent trolls", this bill makes it harder for them to sue because of patents, it also makes it much more costly as well. Companies that are "patent trolls" use techniques like filing letters with firms in the hotel, retailer and restaurant industry that are obviously nontech. The letter then poses allegations on these companies that they have violated a patent, usually related to their software, creating a lawsuit. Some people view "patent trolls" in a positive light and they call them "patent monetization entities".
http://www.nytimes.com/2015/04/30/technology/with-patent-litigation-surging-creators-turn-to-washington-for-help.html?ref=business
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