Google Wants to Buy Your Patent to Keep It Away From Trolls

The US patent system isn’t just broken. It’s being abused to curb innovation, handicap inventors, and redirect company resources toward pointless and lengthy litigation.

Now, Google says it has a new idea for fixing the mess. Today the search giant unveiled a program it’s calling Patent Purchase Promotion, a new marketplace where patent holders are invited to tell Google about patents they’re willing to sell, at a price they themselves have set. The marketplace will be open from May 8 to May 22, according to the company, and Google will let submitters know whether it’s interested in purchasing their patents by June 26, with most payouts happening by late August.

Davey Alba

Full Story: http://www.wired.com/2015/04/google-wants-buy-patent-keep-away-trolls/