Did you like this?
friends and colleagues.
Forbes, By Charles Duan
When I was little, I was told that there was no such thing as a sure bet. In economics class, I learned that there is no such thing as a free lunch. But in law school, I learned that there is an exception to every rule.
Under our current system, patent trolls are the exception to the rules: they are getting a free lunch and they are winning sure bets, all to the tune of millions of dollars.
Patent trolls have nothing to lose when they sue others for patent infringement. Law firms will take the cases on contingency fee arrangements, so there are no legal fees to be paid. A successful plaintiff stands to win millions in court-awarded royalties—a PricewaterhouseCoopers study found a median award of $3.8 million to non-practicing entities in 2012—and the unsuccessful one can just walk away. For the patent troll, this is a game of all upside and no downside, of no risk and all reward. Read more.
Related Business News Articles
Kaspersky Lab has extended its long-standing collaboration with NetApp in offering complimentary solutions for data centers with the announcement that Kaspersky Security for Storage is now compatible with NetApp ONTAP 9.Learn more >
Building upon successful channel partnerships in 2016, today Kaspersky Lab is announcing the company’s 2017 channel partner program along with new, regional Kaspersky Lab Partner Summit events, which will occur throughout the year.Learn more >
Today, Kaspersky Lab is announcing the availability of its latest Q4 2016 DDoS Intelligence report, which shows significant advances in DDoS attacks in from October – December of 2016 and record breaking numbers for the longest attack and number of attacks in one day.Learn more >