A Word on Patent Trolling
24.09.2013, Valentin N. Moiseev
Last year about 200 thousand inventions were patented around the world. This surge has been prompted first of all by the developments in IT and mobile telecommunications. Recent patent wars between Apple and Samsung, Nokia and HTC show that technologies are developing so fast that companies are not infrequently unaware that their products infringe upon their competitors’ patent rights. Under the circumstances, a new business model of making money, so-called patent trolling, has come to the fore. Damages suffered from patent trolls’ activities are estimated at hundreds of millions of Euros. How to defend your company against their attacks? Our attorney Valentin Moiseev dwells on this issue in its interview given to Legal Insight.