• Mugged by an NPE (Non-practicing Entity) for Patent Infringement?

  • APRIL 01, 2013 | BIZ TIPS, ECONOMIC DEVELOPMENT, INT'L BUSINESS, YOUNG PROFESSIONALS

  • According to Inc. Magazine, if you have a website, you may be a target, and it can be costly.

  • If you’ve had the unfortunate experience of being sued over use of a Google Image download, or by a company that charged that you’re violating a patent for Web technology, you may be the target of an NPE – a “non-practicing entity.” That's a company that buys up patents and never uses them. NPE’s can make hundreds of millions of dollars a year by contacting unsuspecting businesses, then...


    Beware of the 'Patent Troll.'
    ...demanding fees and threatening lawsuits for “patent infringement.”

    According to an article in the February, 2013 issue of
    Inc. magazine, the “Troll Toll” on business is tremendous. “If you have a website – any website – you are a potential target,” they warn. “[This can be a real] drain on small and midsize businesses, which often lack the resources to fight back.”

    Inc. claims that in 2011, patent trolls cost U.S. businesses more than $29 billion. So, forewarned is forearmed. Read more here.


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