Google Expands Patent “Service”
April 27, 2015
Have you followed Google’s patent application flow? Well, it continues to creep up. Have you explored Google’s free online patent search? Well, it does not get too many upgrades.
What is getting attention is a new service explained in the Googley manner in “Announcing the Patent Purchase Promotion.” According the write up, you can participate in an experiment that will send your intellectual property to Mother Google. I read:
today we’re announcing the Patent Purchase Promotion as an experiment to remove friction from the patent market. From May 8, 2015 through May 22, 2015, we’ll open a streamlined portal for patent holders to tell Google about patents they’re willing to sell at a price they set. As soon as the portal closes, we’ll review all the submissions, and let the submitters know whether we’re interested in buying their patents by June 26, 2015. If we contact you about purchasing your patent, we’ll work through some additional diligence with you and look to close a transaction in short order. We anticipate everyone we transact with getting paid by late August. By simplifying the process and having a concentrated submission window, we can focus our efforts into quickly evaluating patent assets and getting responses back to potential sellers quickly. Hopefully this will translate into better experiences for sellers, and remove the complications of working with entities such as patent trolls.
I flagged this as a quote to note:
We’re always looking at ways that can help improve the patent landscape and make the patent system work better for everyone. We ask everyone to remember that this program is an experiment (think of it like a 20 percent project for Google’s patent lawyers), but we hope that it proves useful and delivers great results to participants.
With a Xoogler in the PTO and trolls on the defensive, I am confident there may be some deeper, economic thinking behind this “experiment.” I love the Google. I am confident that it will add more patent documents to its patent service. I am confident that Google will continue to be Google even as it faces some financial challenges.
Stephen E Arnold, April 27, 2015
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