As general counsel continue to face lawsuits brought by so-called patent trolls, many are looking for solutions that avoid expensive patent infringement litigation and go beyond the settlements their companies have grown accustomed to paying. It’s time to consider banding together and engaging in a form of collective bargaining.
“Patent troll” is a pejorative term used to describe many different types of companies and individuals that enforce patent rights against others. Generally, people apply the term to nonpracticing entities (NPEs) that enforce patents but don’t provide any goods or services.
