New definitions for inclusion in future editions of A Dictionary of Intellectual Property Law. Suggestions for new entries, or comments on existing ones, gratefully received on the blog or by email (using the contact form at the foot of the page).
The art of writing is the art of discovering what you believe.
Gustave Flaubert
Gustave Flaubert
Thursday, 31 March 2011
Patent Squatting
The practice of sitting on one's patents, suing infringers and collecting royalties rather than working them. May be difficult to distinguish from what a troll or non-practising entity does: the key difference is that patent squatter has obtained the patents through its own research efforts, and may just be taking a break from using them to make things, or specifically the things that the patents cover. Eastman Kodak was reported by Bloomberg Businessweek (28 March 2011) to be engaged in such a strategy, using the revenue from its considerable portfolio of digital imaging patents to replace what it used to earn from photographic processing.
Labels:
Patent squatting,
Patents
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