Peter Kunin explains anti-patent trolling legislation on WCAX's The :30
Intellectual property attorney Peter Kunin explains anti-patent trolling legislation to Senior News Reporter Kristen Carlson on WCAX’s “The :30“.
A recent study found patent trolls cost US businesses $29 billion annually. Vermont is first in the nation to pass legislation to help legitimate business owners defend themselves against the “trolls.” Patent trolls often buy-up numerous patents solely for the purpose of being able to sue or threaten legitimate companies with patent infringement. Because it cost the troll nearly nothing to make the claim, they can ultimately extort a licensing fee from the legitimate businesses because the fee is less expensive than the legal fees associated with defending their patent claim. Kunin explains how Vermont’s new law helps level the playing field and why federal legislation is necessary.