To minimize the risk of falling victim to patent trolls, businesses can take proactive steps:
1. Patent Due Diligence: Conduct thorough patent searches and analyses before developing new products or entering new markets. Understanding the patent landscape can help avoid potential infringements.
2. Patent Insurance: Some companies opt for patent litigation insurance to cover the costs associated with defending against infringement claims.
3. Public Awareness: Educate employees about the risks of patent trolls and encourage a culture of innovation within the bounds of existing patents. Proper training can help avoid unintentional infringements.