What is a "patent pool"?

Category: Society and people’s livelihood; gt; Law

Analysis:

“Patent Pool”

“Patent Pool” ) is a patent license. It was originally an agreement reached by two or more patent owners, through which one or more patents are licensed to one party or a third party. Later, it developed into "taking the patent as a cross-licensing object" An intellectual property complex formed by putting multiple intellectual property rights (mainly patent rights) into a package license." The original intention of the patent pool is to speed up patent authorization and promote technology application.

Companies entering the "patent pool" can use all patents in the "pool" to engage in research and commercial activities without the need to seek separate licenses for each patent in the "pool." Companies in the pool don’t even have to pay each other licensing fees. Companies outside the "pool" can freely use all intellectual property rights in the "pool" through a unified license.