Google Launches A Patent Market Place

SO
S&A Law Offices

Contributor

S&A Law Offices is a full-service law firm comprising experienced, well-recognized and accomplished professionals. S&A Law Offices aims to provide its clients (both domestic and international) with top-quality counsel and legal insights, which combines the Firm's innovative approach with comprehensive expertise across industries and a broad spectrum of modalities. Being a full-service law firm, we take pride in having the capability of providing impeccable legal solutions across various practice areas and industries and makes an endeavor to provide a 360 degree legal solution. With registered office at Gurugram and other strategically located offices in New Delhi, Mumbai, and Bengaluru, along with associate offices across India, S&A is fully equipped to provide legal services on a pan-India basis.
Google has announced the launch of an experimental Marketplace that will allow it to purchase patents from businesses and patent holders who are willing to sell patents.
India Intellectual Property

Google has announced the launch of an experimental Marketplace that will allow it to purchase patents from businesses and patent holders who are willing to sell patents. Google believes that its new program of Patent Purchase Promotion will help the company to eradicate the friction in patent market caused by Patent trolls, Lawsuits and other wasted efforts.

Google said that the program so launched will be on an experimental basis and will remain for a short window of time from May 8, 2015 to May 22,2015.This short duration will lead to a quick buying from Google. The company said that while buying a patent from marketplace a due diligence will be done and the transaction will be closed "in short order" and all the stake holders will be paid by late August this year through ACH bank Transfer.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More