To help prepare your business for patent trolls CSU Fullerton’s Center for Entrepreneurship is hosting a free seminar on this subject Wednesday, January 22 at 6 p.m. If you think that patent trolling is an issue that affects only large corporations, think again! Small businesses like yours are often targeted by patent trolls, with threats of lawsuits and litigation.
But what is patent troll really?Patent trolls are often companies which own a portfolio of patents or have dubious ownership of those patents. Unique to the troll firm is a strategy to exploit existing users of the patents (i.e. “infringers”); this path is chosen instead of using the patents for traditional business uses such as manufacturing. The business model for the patent troll is to make money by threatening or filing lawsuits. Click here to sign up!
Source: Fullerton Chamber of Commerce