Slaying Patent Trolls

//Slaying Patent Trolls

Slaying Patent Trolls

NAR reports a win against patent trolls after a decade of legal fighting.

Patent trolls are generally defined as a person/organization that asserts a patent on a common generic procedure or idea then uses threats of patent litigation as leverage to extract monetary settlements from businesses who use the common/generic procedure or idea.

Brokerages sometimes receive threatening letters from patent trolls and have to choose between paying a settlement or paying their law firm.

https://magazine.realtor/daily-news/2018/11/09/realtorcom-lands-11-year-industry-win-over-patent-troll?tp=i-H43-Bb-3A5-5gk0z-1p-A5BZ-1c-5gvHl-24ws1e&om_rid=84068341&Om_ntype=RMOdaily&om_mid=12157

Posted by : Byron King on 11/09/18 (This information is only accurate as of 11/09/18. You must contact SCR for updates and changes to this information after 11/09/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

[category Legal FAQs]

By |2018-12-11T16:14:53+00:00November 9th, 2018|Legal FAQs|0 Comments

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