A patent troll is considered a derogatory term to describe people or companies that misuse patents as a business strategy.
Essentially, a patent troll obtains the patents beings sold at auctions by bankrupt companies attempting to liquidate their assets, or by doing just enough research to prove they had the idea first. They can then launch lawsuits against infringing companies, or simply hold the patent without planning to practice the idea in an attempt to keep other companies productivity at a standstill.
Just by doing my initial research on patent trolls, I had a very negative feeling towards them. They seem to discourage innovation and serve only a single purpose to hurt other companies. Trolls are sometimes also known as non practicing entities, which means that their sole purpose is to hold a patent (without using it for products or services) and then sue other companies for money.
In the next few blogposts I will also be talking more about infringement, trolls, and patent litigations.