- IP enforcement
I invent a new drug. I spent a lot of money to develop it, so I want to be able to exclusively sell it to recoup my investment. If someone reverse-engineers my drug and tries to undercut me before the patent expires, I enforce my IP.
- IP trolling
I invent nothing, I manufacture nothing. Instead, I have legal expertise and I plan to make money 100% through the legal system. So, I buy tons of IP from companies and individuals willing to sell them - the more generic, the better. I then troll around looking for companies that make products that might fit some of the patents I just bought. I legally shake down the companies for violating my patents and settle for a fat sum before resuming trolling for more victims.