Hello! Today I
will be discussing the TED Talk titled “Drew
Curtis: How I beat a patent troll.”
I will be
discussing the 5 main points to take from this video, so let me know what you
think!
- One of the major problems with Patent Law is that the defendant must prove that they did not infringe on the patent.
- When getting sued by a patent troll, you are likely to spend about $2 million dollars, and will have a settlement in an average time of 18 months.
- Don’t Fight the Patent, Fight the Infringement- You should then decide what you want to pursue. i.e. (settlement, lawsuit, scare tactics) **DON’T NEGOTIATE WITH Patent trolls.
- Patent Trolls place $25 Billion dollars more damage to overall wealth than Terrorist acts since 9/11.
- A decent amount of the time, patent trolls with settle out of the case to gain funds to pursue other patents to troll.
I really like how you provided brief and concise points that were addressed on during the talk. I would like to hear more about what you think and your side regarding patent trolling.
ReplyDeleteMatt,
ReplyDeleteThe legal problems that come with a patent troll are of course the two millions dollar average fee as you stated, but I think Drew Curtis was really going for how it can absolutely ruin a small company. Companies like these are usually in their first rounds of funding and then when getting hit by a lawsuit, they are screwed.
Cheers