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by belter 1830 days ago
Patent trolls are in my top 3 list of most despised entities. Its the whole hypocrisy of their way of living, cobbled together with their parasitic nature.

Some years ago, worked for a US based startup that went public. When they got to a valuation of around 1 billion, they got hit by a patent troll. Completely bogus claim, but at the time the CEO just decided to settle and avoid the risks and financial stress of prolonged litigation.

As you stated you are a small business I would start by doing the following four things :

1) Read the Wikipedia pages about these morons. It is a good overview of what you are up against:

   https://en.wikipedia.org/wiki/Patent_troll
2) This network claims to have helped small business owners. Not sure if its the case but worth checking out:

   https://lotnet.com/
3) Some of the recommendations here, are worth checking out as part of your check list:

"How to Fight--and Win--Against Patent Trolls"

https://www.inc.com/magazine/202004/minda-zetlin/patent-trol...

4) Respond only through an attorney.

   Also as stated in the article above, only agree to talk 
   to lawyers where the initial consultation is 
   free of charge. I have no affiliation with this 
   company but you might want to start your search here:

   https://www.priorilegal.com/intellectual-property/patent/patent-trolls
At extreme case, consider closing the company and incorporating in Europe. It will probably change in a few years, but for the moment, litigation is cheaper and courts have a lot more common sense.

Good luck and remember ... IANAL

1 comments

Presumably patent trolls often hit when they have the most leverage and the company has the least time and the most money e.g. during due diligence or just before IPO?