On November 2, 2021, Beeman & Muchmore was proud to present our free webinar entitled: “Beware Software Licensing Trolls: How They Are Monetizing Licensing Agreements and Putting Your Business at Risk”. It was a lively discussion with an engaged audience that asked many challenging and substantial questions. As always, it was exciting to once again collaborate with LicenseFortress, and we are more than pleased to be able to share the free streaming of our webinar with you.
To state the obvious, this topic is of crucial importance for every company that licenses software (i.e., every company). Importantly, this emerging trend of software licensing trolls differs significantly from the already aggressive tactics of prominent vendors (e.g., Oracle, SAP, Microsoft). In sum, it is a new game with new rules and new risks that we do not believe have been sufficiently identified and addressed elsewhere in the market.
In the recent past, there were the so-called “Patent Trolls”, a derisive term for entities exploiting the patent system by amassing low-value portfolios and indiscriminately filing infringement lawsuits for the sole purpose of extracting “cost of defense” settlements. Today, targeted legislation and court decisions have lessened the pervasiveness of Patent Trolls.
Filling the vacuum and riding on the coattails of the increase in software audits, there is a new breed of vendors we have named “Software Licensing Trolls.” Often backed by venture capital, these License Trolls weaponize unique aspects of the software audit process to squeeze millions out of unprepared victims in a manner similar to Patent Trolls.
Takeaways from this presentation:
Published on 11/12/2021
Software licensors are known for vague contracts—they’ve made a business of it.
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