Being a Patent Troll Now Patented

The end is nigh: Being a patent troll is now patented. Despair.

SYSTEM AND METHOD FOR EXTRACTING VALUE FROM A PORTFOLIO OF ASSETS

Abstract

A system and methods for extracting value from a portfolio of assets, for example a patent portfolio, are described. By granting floating privileges described herein, a portfolio owner can extend an opportunity for obtaining an interest in selected assets from the portfolio to a client who lacks the resources to accumulate and maintain such a portfolio, in return for an annuity stream to the portfolio owner. The floating privilege can take many forms, depending on the needs of the client and the nature of the assets in the portfolio. The privilege is executed for a set of assets selected by the client and approved by the portfolio owner in accordance with a floating privilege agreement controlling the floating privilege.

via United States Patent Application: 0070244837.

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  4. The Hopelessness of the U.S. Patent System
  5. China Patent Surge

Comments

  1. Kyle S says:

    So could the owner of this patent sue Intellectual Ventures for infringement?

  2. Guest says:

    This is a patent application, not an issued patent.

  3. Guest says:

    I suppose this could be a good thing if they were awarded the patent, and then a) didn't use it, and b) didn't let anyone else use it either.

  4. Phil says:

    That patent application has been rejected over and over again: See the first comment here: http://news.ycombinator.com/item?id=2759642

  5. Raghunandan says:

    Patently unfair if true !

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