Google Inc., in collaboration with five other technology giants, Newegg, Canon, Dropbox, SAP, and Asana, has created an alliance known as the License on Transfer (“LOT”) Network, in a bid to ward off patent trolls.
Google and Canon were two of the top receivers of U.S. patents last year. Patent litigation hit an all-time high last year, with more than 6,000 patent infringements filed. Therefore, the latest move will help Google protect itself against patent trolls and leverage the network effect, thereby using its energy towards innovation.
|Reference:||Google Forms Alliance to Battle Patent Abuse|