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.
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)
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