BlackBerry has a ton of patents below its belt for tech that they’ve developed through the years. This is just about the case for many corporations, however it seems that BlackBerry has determined to dump its cellular and messaging patents and it could possibly be unhealthy information for lots of tech corporations.

This is as a result of the corporate has offered it off to a different firm known as Catapult IP Innovations. While corporations promoting or licensing off their patents isn’t new, the truth that Catapult IP Innovations doesn’t promote or make something of their very own has led to hypothesis that they may leverage the patents they purchased from BlackBerry to sue different tech corporations and switch a revenue.

The deal is price $600 million which Catapult IP Innovations purchased utilizing a $450 million mortgage, with the rest to be paid again in three years. As ArsTechnica notes, this primarily leaves Catapult IP Innovations with $150 million in debt and since they don’t make their very own merchandise or promote something, the one potential manner for them to begin creating wealth could be to sue everybody they imagine could possibly be in violation of their patents.

There are many corporations like Catapult IP Innovations who purchase or file patents merely for the only functions of suing corporations and attempting to get them to settle to keep away from the effort and prices of a prolonged courtroom battle. Many corporations similar to Apple have had their justifiable share of encounters with such entities, so with this sale, we wouldn’t be shocked if we begin listening to extra of those tales sooner or later.

Filed in Cellphones >General. Read extra about BlackBerry, Legal and Patent. Source: arstechnica