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Google Wants First Refusal on Patents You're Selling

posted by CoolHand on Wednesday April 29 2015, @11:47AM   Printer-friendly
from the one-company-to-rule-them-all dept.

fliptop writes:

Kevin Parrish at Tom's Hardware writes:

Allen Lo, Deputy General Counsel for Patents at Google, published a blog announcing the launch of the Patent Purchase Promotion, an experimental marketplace where businesses and individuals can sell their patents to Google. Why? Because the company wants to remove "friction" from the patent market.

"Unfortunately, the usual patent marketplace can sometimes be challenging, especially for smaller participants who sometimes end up working with patent trolls," Lo said in the blog. "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."

[...] Here's how Google's promotion will work: The company will open up the marketplace between May 8 and May 22, 2015. During that time, patent holders will head to a special portal and make pitches to Google that will include a description and what sellers want, financially. After May 22, Google will close the portal and review every submission. Google will then contact patent owners by June 26, 2015 if the company is interested in buying the submitted patent.

Additional coverage at ZDNet.

 
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  • (Score: 3, Interesting) by c0lo on Wednesday April 29 2015, @12:51PM

    by c0lo (156) Subscriber Badge on Wednesday April 29 2015, @12:51PM (#176574) Journal

    Why? Because the company wants to remove "friction" from the patent market.

    ...

    The company will open up the marketplace between May 8 and May 22, 2015. During that time, patent holders will head to a special portal and make pitches to Google that will include a description and what sellers want, financially. After May 22, Google will close the portal and review every submission. Google will then contact patent owners by June 26, 2015 if the company is interested in buying the submitted patent.

    Huh? 2 weeks of "opening up the marketplace" to "remove friction from the patent market"?
    That's like... (I don't know... let's try to keep with the friction theme)... interluding a lubricated ass-fucking paid abuse session in a lifetime of wanking (and then expecting sanctification in recognition).

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  • (Score: 1, Informative) by Anonymous Coward on Wednesday April 29 2015, @01:27PM

    by Anonymous Coward on Wednesday April 29 2015, @01:27PM (#176589)

    And it's not even a marketplace; it's a place where you can offer your patents to Google. A marketplace is a place where you can offer your goods to anyone.