Answer:
False.
Step-by-step explanation:
Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Basically, the three (3) main ways to protect an intellectual property is to employ the use of
I. Trademarks.
II. Patents.
III. Copyright.
Copyright law can be defined as a set of formal rules granted by a government to protect an intellectual property by giving the owner an exclusive right to use while preventing any unauthorized access, use or duplication by others.
Patent trolls buy up patents in order to collect royalties and sue other companies. This ultimately implies that, patent trolls are individuals or companies that are mainly focused on enforcing patent infringement claims against accused or potential infringers in order to win litigations for profits or competitive advantage.
Hence, some organizations and individuals, such as patent trolls, do not abuse intellectual property laws.