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(law) A patent relating to a particular area of technology which prevents another patent from being used because the other patent relies on technology covered by the first.

The blocking patent prevented competitors from entering the market.

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patent pools

noun

plural of patent pool

Many companies participate in patent pools to share their intellectual property.

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patent pool

noun

The patent pool allows companies to share their intellectual property and collaborate on innovation.

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patent trolls

noun

plural of patent troll

Patent trolls are a major problem in the tech industry.

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patent troll

/ˈpætənt ˌtɹəʊl/

noun

(patent law, informal, derogatory) A company, person, etc., that owns and enforces patents in an aggressive and opportunistic manner, often with no intention of producing, marketing, or promoting the subjects of the patents.

A patent troll is a company or individual that enforces patent rights against accused infringers in an attempt to collect licensing fees, but does not manufacture products or supply services based upon the patents in question.

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submarine patent

noun

(informal) A patent first published and granted long after the filing of the initial application.

The company filed for a submarine patent to protect their innovative technology.

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