Sentences with phrase «practices by patent trolls»

By making important reforms to the nation's patent litigation system, the Innovation Act would address abusive practices by patent trolls that bully American businesses, including many REALTORS ®, with deceptive and often illegitimate claims of patent infringement.

Not exact matches

While the practice of patent trolling is not illegal, a patent troll has no intent of ever developing a product or service by utilizing a patent.

But Heinze also points to a post by The Patent Prospector noting that, in praising these universities for their advances in technology, Under Secretary of Commere for Intellectual Property Jon Dudas «failed to point out that these universities are what's been derisively termed «patent trolls»: like spiders in their webs, patent holders that don't practice their own inventions, instead lying in wait to ensnare unsuspecting companies who infringe their patents.&Patent Prospector noting that, in praising these universities for their advances in technology, Under Secretary of Commere for Intellectual Property Jon Dudas «failed to point out that these universities are what's been derisively termed «patent trolls»: like spiders in their webs, patent holders that don't practice their own inventions, instead lying in wait to ensnare unsuspecting companies who infringe their patents.&patent trolls»: like spiders in their webs, patent holders that don't practice their own inventions, instead lying in wait to ensnare unsuspecting companies who infringe their patents.&patent holders that don't practice their own inventions, instead lying in wait to ensnare unsuspecting companies who infringe their patents.»

Proposed remedies included fee - shifting, which would undercut the economic imbalance that makes trolling so lucrative, and the creation of expedited review procedures to challenge the validity of so - called «business method» patents, which the Patent Office began issuing by the thousands after 1998, and which can grant 20 - year monopolies on basic business practices.

Retailers of all types and sizes have all been victimized by patent trolls, and the Boston University School of Law estimates that abusive patent troll practices cost the U.S. economy roughly $ 30 billion per year.