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
Administrative Assistant
American Society of Civil Engineers | Cleveland, OH
Digital and Content Manager, E4C
American Society of Civil Engineers | New York, NY
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Transportation Engineering Graduate Student Intern
American Society of Civil Engineers | Oakland, CA
Intern - 6 months - Computational Fluid Dynamics
American Society of Civil Engineers | MD
Part-Time Quality Intern
American Society of Civil Engineers | Fort Smith, AR
Civil or Mechanical Engineering Co-op Summer - Fall 2014
American Society of Civil Engineers | St. Louis, MO
Land Management Intern
American Society of Civil Engineers | Newark, CA
Neighborhood Traffic Safety Services Intern
American Society of Civil Engineers | Bellevue, WA
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
Electrical Intern/Co-op - Aviation Facilities
American Society of Civil Engineers | Philadelphia, PA
United Technologies Research Fellow
American Society of Civil Engineers | New York, NY
Water-Based System Technician- NICET Level II
American Society of Civil Engineers | Killeen, TX
Technical Manager
American Society of Civil Engineers | Elk Grove Village, IL
Electrical Engineer Co-op
American Society of Civil Engineers | Findlay, OH
 
Comments
comments powered by Disqus