Latest in Asana

Image credit:

Google, Dropbox, Canon and others team up to disarm future patent trolls

48 Shares
Share
Tweet
Share
Save

Sponsored Links

Patent litigation from non-participating entities (casually known as "patent trolls") is the bane of a technology firm's legal department. Fighting patent lawsuits from firms that subsist completely on licensing and legal action is a frustrating waste of resources, and one that often stifles innovation indirectly. Now, a new partnership between Canon, Dropbox, Google, Asana, SAP and Newegg hopes to cut off would-be patent trolls at the knees. It's called the License on Transfer Network (LOT), and it's a patent-licensing agreement that neuters a patent's potential for litigation before prospective trolls can exploit it.

The companies' plan hinges on how patent sales are handled. Companies within the LOT network can sell each other patents under normal terms -- but if a participating firm sells their patents to an entity outside of the group, all other LOT members will be granted a royalty-free license to the technology. This means that if a patent is sold to a non-participating entity, LOT members will be protected from frivolous litigation. If a company never sells their patents, it is of course still free to protect it via litigation, but the group hopes the network will disarm trolls ahead of time. "As long as a company owns their patent, they retain all their rights to it," explained SAP's Anthony DiBartolomeo in the group's announcement. "The LOT Network helps protect innovative patent owners from unwarranted litigation without stifling valid, beneficial uses of patents, such as cross-licensing."

[Image credit: Brian Turner/Flickr]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
48 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget’s guide to Home Entertainment

Engadget’s guide to Home Entertainment

View
Tesla's crash test lab video shows real and virtual Model 3 wrecks

Tesla's crash test lab video shows real and virtual Model 3 wrecks

View
TiVo's 'free' streaming service starts rolling out

TiVo's 'free' streaming service starts rolling out

View
NASA demos spacesuits for its Moon and Mars missions

NASA demos spacesuits for its Moon and Mars missions

View
Sony’s 360 Reality Audio launches this fall with 1,000 tracks

Sony’s 360 Reality Audio launches this fall with 1,000 tracks

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr