Patent holding company
A patent holding company (PHC) exists to hold patents on behalf of one or more other companies but does not necessarily manufacture products or supply services based upon the patents held.
Patent holding companies may exist for tax reasons.
Patent trolling
On June 4, 2013, in the United States, the
National Economic Council and Council of Economic Advisers released a report entitled Patent Assertion and U.S. Innovation that found significant harm to the economy from patent assertion entities and made recommendations to address them.[5] President Barack Obama also addressed the issue, criticizing companies that did not produce anything themselves and existed only to "leverage and hijack somebody else's idea and see if they can extort some money out of them".[6][7]
See also
References
- ^ "Patent transfer".
- ^ "Response To Trustees Of Columbia University, Fujitsu Limited, General Instrument Corp., Lucent Technologies Inc., Matsushita Electric Industrial Co., Ltd., Mitsubishi Electric Corp., Philips Electronics N.V., Scientific-Atlanta, Inc., And Sony Corp., | ATR | Department of Justice". www.justice.gov. 25 June 2015. Retrieved 2017-01-04.
- ^ Obama Plans to Take Action Against Patent-Holding Firms, By JARED A. FAVOLE And BRENT KENDALL, June 4 2013, The Wall Street Journal.
- ^ AICPA Updates the Profession on Patent Holding Companies (PHCs) Archived 2014-10-26 at the Wayback Machine, July 2, 2013, New Jersey Society of Certified Public Accountants
- ^ Patent Assertion and U.S. Innovation Archived 2013-09-23 at the Wayback Machine, Executive Office of the President, June 2013
- CNNMoney.com
- New York Times