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Then the daughter became ill and had to be hospitalized.When Morrison suggested that her suitor put his daughter on a plane to get better medical attention at home -- and even offered to pick the girl up at the airport -- a new crisis struck.But unlike ownership of physical assets, the space of ideas is difficult to delineate.The patent is intended to solve this complexity by allowing the inventor of an idea to have sole commercialization rights for a period of time, unencumbered by copycats.In the already complex and often perplexing field of intellectual property, the presence of patent trolls has caused chaos and confusion.Clearly defined property rights are essential for well-functioning markets.“But for Find The Best’s financial resources and resolve, Lumen’s predatory behavior would likely have proceeded unchecked.” Unfortunately, most small companies are unable or unwilling to fight back against trolls.Defending a patent case can cost millions of dollars and can wreak havoc on a young venture.
Firms with an additional billion in cash are more than six times as likely to be targeted by NPEs. Thus, if there is a technology patent at issue, the NPE will not hesitate to pursue money being generated in another, non-technology-related part of a business.For example, an East Texas firm called Recruit Me, LLC, purchased a broad patent aimed at online transactions and used this single patent to sue 24 companies for patent infringement over the past year.That same patent was purchased from another firm, Data Match Enterprises, another East Texas operation, which had already sued 11 companies using the patent.It also is not surprising that opportunists would see the potentially lucrative rewards to be had from invading this environment.
Our research makes clear the need to check NPEs with more effective legislation that would focus on reducing or eliminating trolling efforts without screening out legitimate patent infringement lawsuits.The future of our nation depends on a robust and verdant marketplace for new ideas.