000042088 000__ 02220cam\a22002535i\4500 000042088 001__ 42088 000042088 003__ SzGeWIPO 000042088 005__ 20240708145859.0 000042088 008__ 200625s2007\\\\sz\\\\\\r\\\\\000\0\eng\d 000042088 040__ $$aSzGeWIPO$$beng$$erda 000042088 041__ $$aeng 000042088 1001_ $$aMcDonough, James F. 000042088 24503 $$aThe Myth of the Patent Troll$$bAn Alternative View of the Function of Patent Dealers in an Idea Economy 000042088 264_1 $$a[Atlanta, Georgia] :$$bEmory University,$$c2007. 000042088 300__ $$a41 pages 000042088 336__ $$atext$$btxt$$2rdacontent 000042088 337__ $$aunmediated$$bn$$2rdamedia 000042088 338__ $$avolume$$bnc$$2rdacarrier 000042088 520__ $$aA new breed of companies has emerged, and they are being called patent trolls. A patent troll is a person or entity who acquires ownership of a patent without the intention of actually using it to produce a product. Instead, it licenses the technology to an entity that will incorporate the patent into a product, or it sues an entity it believes has already incorporated the technology in a product without permission. The government, corporate America, and the media are fervently acting against these trolls. New proposed legislation, a blizzard of Supreme Court cases involving trolls, and endless newspaper and magazine articles are all trumpeting the same story line: Patent trolls are bad for society and must be stopped. This article suggests that patent trolls are actually good for the patent system. Patent trolls are more accurately described as patent dealers because they act as market intermediaries in the patent market. Once the activities of patent dealers are isolated from other distinct problems that have been identified with the patent system, specifically the issuance of poor quality patents and the problem of the patent thickets, it becomes clear that the emergence of patent dealers marks a stage in the natural evolution of the patent market. Patent dealers make the patent market more efficient by realigning market participant incentives, making patents more liquid, and clearing the patent market. The article concludes by rebutting the common complaints that patent trolls stunt innovation and spur unnecessary litigation. 000042088 525__ $$aPublished in : Emory Law Journal, vol. 56, p. 189, 2006 000042088 650__ $$aPatent troll 000042088 650_0 $$aPatent licensing 000042088 650_0 $$aPatent 000042088 650_0 $$aPatent thickets 000042088 85641 $$uhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=959945$$yView this resource 000042088 904__ $$aJournal article 000042088 980__ $$aBIB