This just wouldn’t be my blog if I didn’t have a category for legal stuff, of course I’m no attorney but I do play one on TV. Being well versed in legal shenanigans is the mark of either an attorney (which I am not) or someone who just loves playing the game, which I do, but really I think most of my interest comes from the basic fact that I just don’t like paying lawyers unnecessarily and really like paying them when necessary. As an entrepreneur, it’s invigorating to create something new, and when truly new, draft and file patents, the act of which can be anything but invigorating and is typically excruciating. Add to that the long and sometimes arduous task of keeping up with the USPTO and guiding them from application to approval.
AOL selling M$ a patent trove for $1.1B makes it all worthwhile, and the constant patent-flaming between Apple, Samsung and everyone else a source of genuine entertainment. Makes the cut-and-dry aspect of the whole thing seem exciting, at least taking it up a notch form the standard stuff that an entrepreneur typically has to deal with – employment / HR, financing, etc. Lawsuits never help anyone (except the lawyers) but patents can reap rewards, in this case rewarding AOL. Out of those 800 patents, my guess is less than a dozen of them were the basis of the valuation of the transaction.
I’ve got a few that, hopefully, once awarded, will reap similar rewards.
http://techcrunch.com/2012/04/09/aol-sells-800-patents-for-1-billion-to-microsoft-memo-to-staff/
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