Peres Nechemia Chemi J. Chemi currently serves on the boards of numerous Pitango portfolio companies and also for several non-profit organizations.
Purchases a patent, often from a bankrupt firm, and then sues another company by claiming that one of its products infringes on the purchased patent;  Enforces patents against purported infringers without itself intending to manufacture the patented product or supply the patented service;   Enforces patents but has no manufacturing or research base;  Focuses its efforts solely on enforcing patent rights;  or Asserts patent infringement claims against non-copiers or against a large industry that is composed of non-copiers.
InPrice Waterhouse Coopers published research into patent litigation including a study of non-practicing entities including individual inventors and non-profit organisations such as universities.
President Barack Obama said in February that US "efforts at patent reform only went about halfway to where we need to go. Saying "they don't actually produce anything themselves, they're just trying to essentially leverage and hijack somebody else's idea and see if they can extort some money out of them," the President ordered the USPTO to require companies to be more specific about exactly what their patent covers and how it is being infringed.
The President asked Congress to enact legislation to more aggressively curb "abusive" lawsuits. CongressSenator Orrin Hatch R-Utah sponsored legislation in intended to reduce the incidence of patent trolling.
The bill, called the Patent Litigation Integrity Act, would help judges make patent trolls pay for the cost of the lawsuits, especially if the trolls lost the lawsuits. Supreme Court, claiming to be the 1 target for patent trolls, having faced nearly lawsuits in the preceding three years.
Federal Trade Commission FTC settled its first consumer-protection lawsuit against a company, for using "deceptive sales claims and phony legal threats". The Vermont law prohibits bad faith infringement threats, with bad faith indicated by: The legislation imposes strict notification duties on the entity claiming infringement, and there are potentially strict penalties for non-compliance with the notification process.
Reexamination to invalidate the patent based on prior art can be requested, but requests are typically made only after a lawsuit is filed or threatened about 0.
For example, the JPEG format, intended to be free of license fees, was subject to two patent attacksone by Forgent Networks during — and another by Global Patent Holdings during — Innovation  that found significant harm to the economy from such entities and made recommendations to address them.
The report further stated: The risk of paying high prices for after-the-fact licensing of patents they were not aware of, and the costs for extra vigilance for competing patents that might have been issued, in turn increases the costs and risks of manufacturing. On the other hand, the ability to buy, sell and license patents is seen by some as generally productive.
The Wall Street Journal argued that by creating a secondary market for patents, these activities make the ownership of patents more liquid, thereby creating incentives to innovate and patent.
Michel regarded "the 'problem' [of non-practicing entities, the so-called "patent trolls"] to be greatly exaggerated. Inventors may have benefited from the developing market in patent acquisition. The argument against the use of the term is that NPEs, in the main, return the majority of a settlement to the original inventor.
However, their focus is on obtaining additional money from existing uses, not from seeking out new applications for the technology.One strategy for successful approval of a combination drug product is to target a regulatory pathway from the earliest stages of development.
angry dude November 6, am. Josh, “Bad patent” is a hi-tech patent on fundamental invention granted to individual inventor or small startup, not to member of R&D labs of Google or Apple.
What will be the impact after introducing product patent system in place of process patent system in India.
The researcher also thinks there is ample scope for further research in this issue. The only solution for the proper patent system in India is to have proper implementation of law.
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