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#1 +techbeck

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Posted 10 July 2014 - 20:04

Despite its high profile in the tech world, patent trolling — in which companies sue for damages over patents they don't intend to use — has been difficult to address. Reform efforts in Congress stalled earlier this year, when Sen. Patrick Leahy (D-VT) failed to broker an agreement that would have raised the bar for sending patent infringement warnings and increased the risks for bringing a frivolous lawsuit. In the wake of this defeat, Google, DropBox, Canon, and others are forging a truce that they hope will stop trolls from building a patent arsenal.

 

The License on Transfer (LOT) Network is a coalition of seven companies that, according to the site, hold 50,000 issued US patents and 300,000 total patent assets between them. It's intended specifically to combat patent assertion entities, the nebulous companies that buy large numbers of patents and use them to reach settlements. Even if the patent doesn't exactly fit the case, settling is often cheaper than fighting a suit, and unlike companies that manufacture their own products, they can't be countersued in defense. The LOT Network can't help with patents these businesses already own, but they could defuse new ones. Any time a member sells one of its patents to a non-member, all other member companies are granted a license to use it. If a member is outright acquired by a patent assertion entity — as opposed to another hardware or software company — other members will be granted a perpetual license to its entire portfolio.

 

For an example of how this might work, imagine that member company Google sells a patent to a non-member. The sale will automatically grant a license to DropBox, Asana, Newegg, and anyone else in LOT. If the buyer plans to use it for trolling, they'll suddenly find themselves unable to sue a whole swath of companies. If a member is failing, a troll can't buy up its portfolio with an acquisition. LOT supplements existing licenses and agreements like Google's Open Patent Non-Assertion Pledge, in which companies themselves pledge not to sue over certain patents. One LOT participant can sue another, but it could lose any licenses from that company as a result.

 

More....

http://www.theverge....tent-trolls-off




#2 xrobwx

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Posted 10 July 2014 - 20:28

You know, when I hear about ###### like this, I often wonder what a fool I've been for trying to earn my living honestly. It never even occurs to me to obtain money in any way other than working for it. I had a customer that crashed his car into another on purpose, then sued the insurance company for damages. After he was caught, arrested, and found guilty and subsequently incarcerated, it was found he did this 4 times over 15 years to the tune of about $125,000.  :|  :angry:



#3 flynempire

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Posted 10 July 2014 - 21:08

You know, when I hear about ###### like this, I often wonder what a fool I've been for trying to earn my living honestly. It never even occurs to me to obtain money in any way other than working for it. I had a customer that crashed his car into another on purpose, then sued the insurance company for damages. After he was caught, arrested, and found guilty and subsequently incarcerated, it was found he did this 4 times over 15 years to the tune of about $125,000.  :|  :angry:

 

I agree with you 100%! Shameful what people will do



#4 badb0y

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Posted 10 July 2014 - 21:29

apple will not like it and so their "cheap" consumers.