Because of recent media attention, the term "patent troll" is now a familiar term and not just with people in the business world. That’s due in part because of the government’s crackdown on companies that buy or license patents then file lawsuits against other companies, usually small businesses, in order to obtain compensation from alleged infringement lawsuits. It’s considered a particularly unscrupulous behavior that can result in very complicated litigation.
But the U.S. House of Representatives hopes to curb the frustrations associated with patent trolls by passing a new bill that requires significantly more legal documentation when filing an infringement claim. The bill would require companies that file infringement lawsuits to identify their corporate parent when sending out notices to companies they claim are violating patent law. Companies will also have to provide specific details about what patent is being infringed upon and how it is being used.