Patent Valuation in Bangalore

THE CAUSE AND EFFECT OF PATENT TROLLING

The main idea behind granting Patent Protection is safeguarding the labour invested by someone in coming up with a new invention. The protection provides a monopoly to the applicant and also encourages others to come up with new inventions. Patent Protection is beneficial for business entities as they commercialize the patents and get recognition for the same. READ MORE:- Patent Valuation in Bangalore

This is just one example, but there are many other cases which show that “Patent Trolling” is on the rising. This is an unethical activity which directly targets the purpose behind Patent Protection.

This also increases the number of Patent litigations which creates a hostile environment for Patent holders as well as other inventors who are thinking of applying for Patent.

To decrease Patent Trolling, US Supreme Court in the case of TC Heartland Vs. Kraft Foods has ruled that the Patent infringement suit will be filed where the defendant is situated not where the plaintiff chooses.

Now, it is pertinent to mention that to stop such unethical practice, only judgments will not be sufficient, some initial background research needs to be done by the Patent offices before granting the Patent.

For more information regarding Patent, Contact  Lex Protector.