Google has introduced they're going to be operating a special promotion for a pair weeks in May to accept gives from patent holders who're occupied with promoting their patents. The promotion is defined as an “experimental market” for Google to check whether or not they may be able to procedure a big inflow of gives to purchase patents that may be simple for patent dealers to use. The finish outcome, in accordance to Google, shall be a much better “patent panorama” and a patent device that works higher.
Google notes that patent holders will have quite a lot of purposes for short of to promote a patent, like elevating cash or now not short of to maintain a patent after a transformation in industry technique or path. One of the issues that Google sees with the present state of the patent marketplace is that patent holders would possibly finally end up running with a patent troll, particularly smaller patent holders who will not be smartly-versed with marketplace gamers. When patent trolls get their arms on a patent, dangerous issues can occur like court cases and a lot of wasted attempt and tools in fighting patent trolls.
Google might be creating a special shape to be had beginning on May eighth and lasting thru May twenty second. Patent holders can use that shape to describe the patent they cling and the cost they are looking for for the patent. Google says they be expecting to be in a position to assessment all submissions via June twenty sixth and shut any transactions with bills to the patent holders through past due August.
Google notes that there's a large number of wonderful print that is going in conjunction with promoting a patent they usually inspire patent holders to talk with their very own lawyers if they're considering filing an be offering to promote. Google additionally reserves the proper to now not whole a transaction for any explanation why.
source: Google Public Policy Blog
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