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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.