Patent Pools In The Life Sciences

Law360, New York (December 9, 2009, 10:45 AM EST) -- A patent pool is defined as an arrangement among multiple patent holders to aggregate their patents where all pooled patents are made available to each member of the pool, and standard licensing terms are offered to licensees who are not members of the pool.

Typically, a portion of the licensing fees is allocated to each member according to an agreed upon formula.

Patent pools provide a vital mechanism for promoting the development and use of technology and for reducing transaction costs in cases where commercialization of...
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