Yesterday, Google announced a new Patent Purchase Promotion plan on its Public Policy blog. For two weeks in May, Google will open an experimental web portal through which U.S. patent holders can submit proposals to sell their patents to the search giant this summer. (Patent holders will be granted a license to continue practicing their invention, although Google will assume legal ownership and may also license the patent to others.) Details of the Patent Purchase Program are available at http://www.google.com/patents/licensing/ . Google's stated motive for setting up this program (besides adding to its bulky patent portfolio, of course) is "to remove friction from the patent market." In particular, Deputy General Counsel Allen Lo cited the "bad things" that happen when non-practicing entities (NPEs), or " patent trolls ," obtain ownership of patents for the sole purpose of filing profitable patent infringement lawsuits against others. TV host Joh...
News and Announcements from the J. Michael Goodson Law Library at Duke