<iframe width="420" height="315" src="http://www.youtube.com/embed/5IlhYHdQjr0" frameborder="0" allowfullscreen></iframe> Today, we reviewed the definition of a patent troll and Uzi Aloush, our guest lecturer, clarified that a patent troll was somebody or some company that goes after other companies seeking damages for intellectual property infringement when they have no products of their own and, most importantly, when the plaintiff knows that there has in fact been no infringement and most often they are just seeking a settlement, which the defendants would often pay to avoid the hefty costs of litigation; hence they are trolls.
I'm glad we got this clarification because before I thought the term was more broad and applied to more NPE's.
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