Patent Troll –The Egg Of A Curate

Introduction

Before getting into discussion of patent troll it's better to have basic idea about what a patent is. A patent is an intellectual property privilege issued to the latest and original inventions, and a patent grants the patent holder an exclusive privilege that no one can produce, sell and import his/her invention without his permission. A patent guarantees that no one is exploiting a copyrighted invention for his own advantage. A patent is usually valid for 2-year duration from the filing date of the patent application.

Patent trolls are classified as non-practicing entities (NPEs) or patent assertion entities (PAEs), who make money through patent-infringement litigation. The patent troll has a very strategic and wicked working style, patent troll acquires the bankrupt firms' patents but usually they don't use these patents instead they give licenses of these patents to the firms that appear to infringe patent upon a patent they own and if