Proposed Patent Reforms Will Hurt Innovation

Law360, New York (July 23, 2007, 12:00 AM EDT) -- Patent Troll is currently a term in the common parlance of Intellectual Property practitioners, but depending on which side of the debate is using the term, the definition can vary dramatically.

In its most negative embodiment, patent troll refers to an organization that purchases patents from inventors for the sole purpose of gaining profit with the use of legal expertise or financial means to instigate licensing negotiations against any/all infringers.

If an acceptable license does not result, the new patent-holding company will pursue an infringement lawsuit....
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