America Invents Act (AIA): A major patent reform legislation passed in 2011 that introduced significant changes to the U.S. patent system, including transitioning from a 'first-to-invent' to a 'first-inventor-to-file' system.
Patent Trolls:Entities that acquire patents, often through questionable means, with the primary goal of monetizing them through aggressive litigation rather than developing or commercializing the patented technology.
Inter Partes Review (IPR): A post-grant review process introduced by the America Invents Act that allows third parties to challenge the validity of an issued patent before the Patent Trial and Appeal Board (PTAB).