Patent trolls and bad demand letters have become an increasing problem for businesses in the United States. In order to combat this problem, Conversant Intellectual Property Management, a patent licensing company, launched is new campaign Stand Up to the Demand.
Bad demand letters have been aimed at small- to medium- sized businesses, hurting them through settlement fees and legal costs. The patent trolls send demand letters, often hundreds at a time, with little or no evidence that the companies are “infringing” their patents. Then the patent troll demands a “licensing fee” anywhere from $1,000 to $50,000 U.S. dollars or more claiming a patent infringement lawsuit could be more fiscally damaging.