Patent trolls have gained a lot of attention lately in the realm of not only business and litigation but politics as well. Many patent attorneys in San Antonio are finding that their cases are becoming more fixated on the litigation surrounding ownership. Many of San Antonio’s top law firms recognize that patent trolls are a big issue becoming even bigger because of several factors related to the legal process and because of the loopholes these trolls have found.
President Obama’s administration has taken great strides to prevent the economic debilitation created by those participating in this practice. These trolls, being focused on, hurt the economic growth of new and better production in several ways, but mainly by halting new inventions and commerce. Our nation is built on the idea that a product can become bigger and better and the use of patent buy ups and overarching legal bounds created by these trolls are causing small businesses and entities a legal headache and ultimately deciding that a new venture isn’t worth the criminal risk, even if they aren’t entirely sure they will commit one with their actions. These patent trolls become lucrative by buying several patents, then reaping the financial benefits in court. There is no specific type of business that is being targeted, according to any San Antonio lawyer; they range from coffee houses to large commercial agencies.
Patent and trademark issues have been around since the light bulb was invented. Ironically, many assume that it is common knowledge that Edison created the light bulb, however, that’s false. Edison patented the light bulb, as well as several other inventions that were created by other individuals. Had the original inventor had a San Antonio lawyer on his side, our history books might read differently. Patents have become the most litigated business issue in the past few years as industry picks up, following economic downturn of 2008. If you create something, it is not legally your idea until a patent is filed for and legally given to you through a very thorough, lengthy, and temporary license, says a San Antonio lawyer. An attorney San Antonio knows to be familiar with this type of law can help in the patent process and additionally, counsel a small business that finds itself in the grasp of a patent troll. Though legal steps are being put into place to prevent this cheating measure, the financial affects are still being seen for many businesses.
The issue still remains fuzzy according to a law firm San Antonio goes to for legal guidance.
With a slight misstep a business can find itself in legal trouble, however, with a San Antonio lawyer, a Texas business can easily sidestep the common mistakes new entities make. As of now, these patent troll entities will need to answer and abide by several rules and regulations when they conduct their businesses; a move that the Obama administration hopes will help remove the terror that many new businesses feel. If you are the owner of a business who needs representation or has questions regarding your potential case, contact our office at (210) 503-2800.