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Today’s guests: Rich Stroffolino
Google announced a Patent Purchase Promotion today in an effort to supposedly remove friction from the patent market and apparently try to keep patents out of the hands of trolls. Anyone who has a US patent can list their patent for sale between May 8th and May 22. After the close of the market Google will let sellers know if they’re interested by June 26th, finish up the details by July 22 and pay out by late August. Patent sellers set the sale price and get a license back tot heir patent.