Wednesday, August 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Project Tango Tablet Coming to More Countries
Silver Lake To Invest $1 billion To Motorola: report
GE Unveils Cloud Service For Industrial Use
New Acer Aspire One Cloudbook Is Powered by Windows 10
Samsung Let's You Pay From Your Smart TV
Hon Hai To Invest In India
Seagate Announces Game Drive for Xbox One and Xbox 360
New PC Accessories For Windows 10
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Asana, ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 09, 2014
Asana, Canon, Dropbox, Google, Newegg and SAP Form Against Patent Trolls


Canon, Google, SAP and three U.S. startups have joined forces in a patent-licensing network to defend against rent-seeking infringement lawsuits.

Asana, Canon, Dropbox, Google, Newegg and SAP formed the License on Transfer (LOT) Network, a cooperative patent-licensing agreement that will cut down on patent troll litigation and the growing practice of patent privateering.

Patent litigation reached an all-time peak last year, with more than 6,000 lawsuits filed. Most of those suits came from non-practicing entities, also known as patent trolls?companies that don't have a business outside of licensing and litigating patents.

More than 70 percent of the patents used by trolls come from operating companies,

According to RPX Research, more than 70 percent of the patents used by trolls come from operating companies, in a
growing trend called privateering. Companies are selling patents to trolls that then use those patents to attack other companies.

The LOT agreement is a royalty-free cross-license meant to address these systemic problems. Member companies receive a license when the patents are transferred out of the LOT group. That means that companies retain their right to enforce a patent so long as they retain ownership of it. However, as soon as it is sold, a license to the other members becomes effective, protecting them from attacks by the troll to which the patent was sold.

The agreement includes several other provisions that preserve a patent portfolio?s value, including carve-outs for certain M&A transactions and change of control.

The initial members of the LOT Network range from early-stage startups to established technology companies. Together they own almost 300,000 patent assets, generate more than $117 billion in revenue and employ more than 310,000 people.



Previous
Next
PC Sales Rebound in Second Quarter of 2014        All News        Alcatel-Lucent Achieves 10Gbps Data Transmission Over Traditional Copper Telephone Lines
IBM Announces $3 Billion Investment In Future Chip Research     General Computing News      Alcatel-Lucent Achieves 10Gbps Data Transmission Over Traditional Copper Telephone Lines

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .