Verizon Signs Patent Licensing Deal with Google to Promote Innovation

[techbeck]

I?m delighted to announce that today we signed a patent licensing agreement with Google to lower the risk of frivolous patent litigation.

 

The Constitution says that the patent system is supposed to ?promote the Progress of Science and useful Arts.? But in high-tech industries like ours, the patent system can be exploited to get in the way of innovation. High-tech products can implicate thousands of patents, and when patent litigation takes years, costs millions of dollars, and comes long after innovators have launched new products, the Johnny-come-lately owner of a single patent can threaten an entire innovative ecosystem. That?s bad for innovation and bad for American consumers.

 

More...

http://publicpolicy.verizon.com/blog/entry/verizon-signs-patent-licensing-deal-with-google-to-promote-innovation

[simplezz]

(Y)  Nice to see some companies fighting the good fight.