Menu
Google might buy your patents to counter trolls

Google might buy your patents to counter trolls

The idea is to attract sellers who might sell their intellectual property to patent trolls

Google might buy your patents to keep them out of the hands of litigious patent trolls that critics contend are hampering innovation.

For a two-week period next month, Google will accept submissions from patent owners and possibly bid on the patents as part of its Patent Purchase Promotion, wrote Allen Lo, the company's deputy general counsel for patents.

The idea is to keep some patents out of the hands of so-called patent trolls, or companies that use patent licensing and lawsuits as their primary source of revenue.

"Unfortunately, the usual patent marketplace can sometimes be challenging, especially for smaller participants who sometimes end up working with patent trolls," Lo wrote. "Then bad things happen, like lawsuits, lots of wasted effort, and generally bad karma. Rarely does this provide any meaningful benefit to the original patent owner."

Google is building a portal to accept submissions, which will be taken from May 8 through 22. The company plans to evaluate the offers quickly and get back to patent owners by June 26. Payouts should happen by the end of August, it said.

To keep the program simple, Google is only accepting one patent per submission and not allowing inventors to sell a family of patents, according to its guidelines. The program also only applies to U.S. patents.

Google also isn't sure how much it will spend on the program, writing that "it will really be a function of how much interest we receive and the type of patents that are submitted." Purchased patents will be used by Google and possibly licensed by the company to others.

Presumably, that will mean Google won't try to extract high fees for licenses and threaten legal action, which patent trolls are frequently accused of doing.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Googleintellectual propertylegalpatent

Featured

Slideshows

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments