Patent Troll
Categories: Tech, Regulations
They really are trolls. They hide in the legal bushes, just waiting for some little tiny wrinkle in the fine print to then jump out and lay claim to a given patent or process, sue everyone around them, and collect legal ransom from the claim owners.
These angry lawyers typically live inside of shadowy, unknown, or ambiguous areas of the law where the threat of a big lawsuit is often enough to win ransom money from fat-pocketed corporations, just wanting to continue the next 17 months until their current CEO can fold into retirement golf.
Related or Semi-related Video
Finance: What is intellectual property?6 Views
Finance Allah shmoop What is intellectual property Well here's really
property Cows barn Verdell Isar Surgical facemasks But this wealthy
Zehr blueprints for a state of the art brand new
semi conductor Awesome device can store the entire video library
of Netflix on your wrist Took a thousand people four
years to build the blueprints and they're probably worth a
half a billion dollars today Think of them as brain
splatter the good kind of brain flat not the zombie
eaten kind The best ideas splattered on paper and then
filed with the U S and other patent offices around
the world likely to be licensed in return for cash
payments to a variety of computer device makers Overtime This
paper it's intellectual property Or rather the ideas represented on
it are I pee and they're sellable just like any
other property Cars horses homes land planes remote controlled gardening
Cheers Yeah whatever Intellectual property generally refers to anything that's
not like touchable M C Hammer knows what we're talking
about you and or more like It's just ideas or
assets that only live as concepts The Disney brand intellectual
property the Disney theme park Riel property The recipe for
Coke intellectual property That bottle of Coke Safeway just sold
you for three bucks Riel property the shmoop name and
logo And this schmuck audio sounding thing Yeah intellectual property
The shmoop t shirt on this cute kid riel property
The kid Well not property There are laws against that 00:01:30.45 --> [endTime] sort of thing but she's cute anyway Hi