patent troll , n :
(patent law, informal, derogatory) A company, person, etc., that owns and enforces patents in an aggressive and opportunistic manner, often with no intention of marketing or promoting the subjects of the patents. Today is World Intellectual Property Day, which is commemorated by the World Intellectual Property Organization (WIPO) to raise awareness about the impact of intellectual property in everyday life, and to celebrate creativity and the contributions of creators and innovators towards the development of societies. WIPO was established on this day 50 years ago in 1970.
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