Hot Issues in Business Law: Patent Trolls

Hot Issues in Business Law

Technology giants have formed a new group to protect themselves from patent trolls.  Patent trolls are businesses who business model is to purchase key intellectual property then collect royalties from companies whose products depend on that intellectual property.  Patent trolls seem to walk a fine line between savvy capitalist and  kidnapper.   

So, technology companies have created a group, Allied Security Trust, that purchases patents for the future.   The Trust then sells the patents to a member of the gropu after granting itself a nonexclusive usage license.  To join, members pay a $250,000 fee and place $5 million in the Trust’s escrow fund.  If I represented a patent troll, the first thing I would do is file an antitrust complaint with the Antitrust Division of the U.S. Department of Justice.  You can file a complaint online at http://www.usdoj.gov/atr/contact/newcase.htm  Keep your eyes open for this storm brewing on the horizon. 

Do you have a legal question? We offer free consultations regarding this and others legal issues.  Call today or chat online, privately, with an attorney every Monday through Friday from 8 a.m. to 8 p.m. at www.mckeeoffice.com
 
 
Sharmil McKee
Business Lawyer
 
McKee Law Office
245 W. Allens Lane
Philadelphia, Pa 19119
 
Telephone:     215-242-5260

Toll-Free:         1-877-273-0749

Skype Us!              mckee.law.offices

This entry was posted in Funding and tagged , , by Sharmil McKee. Bookmark the permalink.

About Sharmil McKee

I am a licensed business attorney and owner of McKee Law Office. The firm focuses on providing small and mid-sized companies with strategic legal advice. I help businesses prevent and resolve contract disputes, debt collections, employee disputes and tax problems. I have helped over 100 businesses and have tried over 200 cases. In addition, I am the only business attorney in Philadelphia with over 10 years of experience owning and operating a business.