Patent trolling and intellectual property: Challenges for innovations

Abstract

Nowadays effective legal protection of intellectual activity results is one of the most urgent issues. First, of mind, this is because, in the context of globalization processes, society is moving into a relatively new era, when the main value is information and knowledge in the context of the qualities to create something new. Against this background, patent trolling research emerges full-blown as one of the main negative trends in the development of intellectual property and which became widespread worldwide. The article begins with a research of various theoretical and legal approaches to understanding the concept of “patent trolling”, the reasons for its emergence, and its influence on intellectual property in the world. Based on the analysis of scientific literature, international acts, and legislative acts of different countries, the author discloses its experience in the possible solutions to patent trolling prevention.