Synergizing Patents to Drive Innovation and Growth
This article originally appeared in The Intellectual Property Strategist. © 2021 ALM Media LLC. Reprinted with permission.
Companies have historically turned to patent pools as vehicles for achieving shared objectives. A patent pool can be formed when a group of patent holders agree to pool their patents for some purpose. For instance, members of a patent pool may agree to pool and license their patent rights to a third party in exchange for fees or royalties. In this scenario, the pooling companies may own complementary patents that enable a technical standard. Pooling the complementary patents can enable a licensee to develop…