March 2014 – Trolls: Good or Bad for Business?

Trolls: Good or Bad for Business?

Here’s a cost you probably haven’t budgeted for – trolls.
We’re not talking about the cute ones from “The Billy Goats Gruff”, but Patent Trolls (a.k.a. patent assertion entities). These are businesses that claim that a patent they own has been infringed. They offer the targeted company a choice – pay a license fee, or go to court. Click here to read more.

The cost that patent trolls added to the U.S. economy in 2011 was $29 billion. In 2012, Apple was sued 44 times by patent trolls.

Sounds bad, but wait – could it be good? An article in Forbes thinks so, saying patent trolls help protect inventors from patent thieves. Click here to see how.

As always, we welcome your ideas and comments.