Linked by Thom Holwerda on Wed 9th Jul 2014 23:41 UTC

A coalition of technology companies large and small has created a sort of arms-control treaty to prevent future abuses of their intellectual property.

Among Google, Canon, SAP, Newegg, Dropbox and Asana, there are nearly 300,000 patent assets on the line. But the companies aren't licensing all of each others' patents today. Instead, by agreeing to join the License on Transfer network, they promise to grant licenses to one another whenever one of those patents is sold.

Clever. Sad, though, that companies have to resort to complicated tricks like this instead of just having the damn law changed to align with reality.

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Don't forget the real issues
by sj87 on Thu 10th Jul 2014 09:50 UTC
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You should remember, Thom, why the big companies want this and are most likely just happy to come out with these kinds of patent pools. It is to kill of any upcoming competition and to strengthen their own position on the market. These pools just make it easier for the big players to access the tech without the hazzle of slow and expensive negotiations. But it doesn't help anyone outside the pool.

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