Google and IP3 offer to buy your patent

patent_generi-100001362-largeAs it is already known, Google launched a program for purchasing patents from everyone who was willing to sell last year. This initiative will come back this time including some of the biggest companies in the world such as Apple, IBM, Microsoft, Facebook, Adobe, SAP, Ford, Honda, Hyundai, Kia Motors, Verizon, Cisco and Arris, all of them united as “IP3 by Allied Security Trust”.

Starting May 25, 2016, through June 8, 2016, patent owners can submit their patents to the IP3 portal at a price they set.

Such kind of practice is of no surprise at all. The reason behind it is that by such mass purchasing these companies try to build strong withstanding against possible accusation of patent infringements by patent trolls which targets in most of the cases exactly such technology companies.

More information here.

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