Patent troll litigation is the hot topic in any discussion about how our patent system is failing. A patent troll is a derisive term used to describe a type of non-practicing entity, or NPE. Traditionally, NPEs have been universities or individual inventors who do not wish to commercially use the patents themselves, so they license them to third parties. The patent troll model involves the creation of investment companies that acquire patents but do not use the patented technology. Instead, they monetize the patents by enforcing them against others.
This business model has led to a huge spike in patent litigation and claims that our patent system is broken instead of encouraging innovation, it is quashing creativity by choking startups with the overhead of defending such suits.
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