December 17, 2014
Should Prevent Lawsuits, Trolls
A joint deal between Google and Verizon should, hopefully, reduce the number of frivolous patent lawsuits.
The two companies announced Tuesday they had entered a long-term patent cross-licence agreement. The agreement covers a wide range of products and technologies, apparently, but details on what is covered in the deal wasn’t being publicly shared by representatives from either company.
In a blog entry, Verizon’s general counsel, Randal Milch, said there’s a need for such agreements in the high-tech industry as the patent system can be “exploited” which only hinders progress.
“High-tech products can implicate thousands of patents, and when patent litigation takes years, costs millions of dollars, and comes long after innovators have launched new products, the Johnny-come-lately owner of a single patent can threaten an entire innovative ecosystem,” said Milch. “That’s bad for innovation and bad for American consumers.”
Kirk Dailey, patent transaction head at Google, was quoted as saying similar sentiments at PC Mag.
“This cross license allows both companies to focus on delivering great products and services to consumers around the world,” Dailey said. “We’re pleased to enter into this agreement with an industry leader like Verizon, and we welcome discussions with any company interested in a similar arrangement.”
Patent issues aren’t new for Google. As The Wall Street Journal reported, the Internet giant has been lobbying the American government for an overhaul to the patent system to prevent patent trolls from creating a large quantity of intellectual property and then suing other companies for perceived infringement.
W. Brice McVicar is a staff writer for SiteProNews.