Last week I wrote about a domestic terrorist group [my judgement] that uses lax lien laws to harrass public officials. Today I want to inform you of another domestic threat composed of individuals known as patent trolls.
"Patent trolls are companies that buy software patents -- bits of coding found in every corner of the Web, really -- and then sue the businesses and entrepreneurs who have derived income, however indirectly, from their use. Silicon Valley is riddled with these suits, and it was there that the term was coined; there are trolls under every bridge, demanding their unearned share of the tech boom profits." [Read more here.]
These individuals not only troll the internet but also small and large businesses looking for opportunites to sue. Guess who pays this increase in the 'cost of doing business'?