Thursday, March 26, 2015

Assignment 8: pt 1 of 4

Patent trolls: 


Words to know --
Non-practicing entity (NPE) / Patent holding company (PHC): aka patent troll, this will be discussed in length below!
Patent infringement: Using the idea or product from a patent without permission from the patent holder
Rent seeking: An attempt to increase one's wealth without actually creating wealth
American Rule: stipulates that each party (prosecutor and defender) is required to pay its own respective amount of money from a trial

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