Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

How Patent Trolls Are Costing the Economy Billions Each Year How Patent Trolls Are Costing the Economy Billions Each Year

NEXT :
This ad will end in seconds
 
Close X

Not a member or subscriber? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Tech

How Patent Trolls Are Costing the Economy Billions Each Year

April 10, 2014

If you've got a brilliant idea and want to start a business, beware the patent trolls.

That's increasingly what start-up companies and entrepreneurs are being told, as trolling—when companies buy up tons of cheap patents and profit from them by threatening infringement suits against others, in the hope of settling—has become a predatory activity that costs the U.S. economy $80 billion a year, according to one oft-cited study from Boston University.

Though some may dispute those numbers, nearly everyone agrees that abusive patent trolls are a problem that has ballooned in recent years, particularly in the software industry. All three branches of the federal government are now trying to rein them in.

 

Here's what you need to know about patents and the trolls that eat them—and why Washington is having such a hard time turning them into stone.

Job Board
Search Jobs
Staff Engineer
American Society of Civil Engineers | Mokena, IL
Certification Administrator
American Society of Civil Engineers | Durham, NC
Communications Intern
American Society of Civil Engineers | Washington
Administrative Assistant
American Society of Civil Engineers | Cleveland, OH
Code Development Administrator
American Society of Civil Engineers | Ontario, CA
International Business Development Coordinator
American Society of Civil Engineers | Farmington Hills, MI
Technical Manager
American Society of Civil Engineers | Elk Grove Village, IL
Chief Geoscientist
American Society of Civil Engineers
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
FA System Tech with NICET Level II and/or valid FA License
American Society of Civil Engineers | Killeen, VA
Designer/Drafter
American Society of Civil Engineers | Newington, CT
Highway Engineer Intern
American Society of Civil Engineers | FL
Research Assistant-Unpaid
American Society of Civil Engineers | Cambridge, MA
Engineering Aide (Water/Wastewater)
American Society of Civil Engineers | Honolulu, HI
 
Comments
comments powered by Disqus