Quicken, TurboTax maker signs $120 million patent license agreement with leading ‘non-practicing entity’

Intuit, maker of Quicken and TurboTax, has apparently signed a patent license agreement, which it estimates as being worth $120 million over ten years, with Intellectual Ventures, a leading ‘non-practicing entity.’ (Some call Intellectual Ventures a ‘patent troll‘; the company’s home page speaks in terms of its “Invention Capital™ network”). For more details and commentary by industry observers, see this story by Zusha Elinson in today’s The Recorder.

See also: (list is automatically generated)

• DataTreasury v. U.S. Bancorp $27 million patent infringement verdict – useful links, a partial defense win, and the patent owner’s bloody-shirt jury argument
• A patent owner’s lawyer waves the flag for the jury – or is it the bloody shirt?
• David Healey’s top-ten wish list for patent license clauses

Tagged as: Intellectual Ventures, License agreements, Litigation, Non-practicing entities, NPE, Patent, Quicken, Trolls