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LSDefine

Simple English definitions for legal terms

patent pooling

Read a random definition: Equal Protection Clause

A quick definition of patent pooling:

Patent pooling is when companies agree to share their patents with each other. This means that they can use each other's inventions without having to pay a fee. This is done to make it easier for companies to create new products and technologies. However, it is only allowed if it doesn't stop other companies from competing or controlling an industry.

A more thorough explanation:

Definition: Patent pooling is the practice of cross-licensing patents among patent holders. This means that multiple patent owners agree to share their patents with each other, allowing them to use each other's inventions without fear of being sued for patent infringement.

Patent pooling is legal as long as it is not used to suppress competition or control an industry. For example, if a group of companies in the same industry agree to pool their patents together to prevent new competitors from entering the market, this would be considered illegal.

However, if a group of companies in different industries agree to pool their patents together to create a new product or technology, this would be considered legal. For example, in the early days of the automobile industry, several companies pooled their patents together to create the first automatic transmission.

Another example of patent pooling is the MPEG-2 patent pool. This is a group of companies that own patents related to the MPEG-2 video compression standard. By pooling their patents together, they are able to license the technology to other companies without fear of patent infringement lawsuits.

patent-owner | patent-prosecution process

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madollyy
20:09
thank you snow <3
Dkk
20:15
@madollyy: use LSAT Demon!
Dkk
20:16
Watch their youtube channel too
madollyy
20:23
Would an internship through CHCI help my application as well?
Dkk
20:29
@madollyy: It would help as a soft but the big focus should be GPA while you can and LSAT right now. I would say GPA is 40% of the app, LSAt 50% and everything else 10%.
snow
20:31
I agree with dk ^
madollyy
20:31
Got it, thank you. I don't think there is much I can do for my GPA now since I only have 1 semester left for ug but I definitely will be studying my butt off for the LSAT.
Dkk
20:32
Nice!
madollyy
20:32
I really appreciate your advice, guys <3 Wishing you luck on your endeavors!
JumpySubsequentDolphin
20:32
@madollyy: is that your CAS GPA?
madollyy
20:33
That's what's on my transcript! I haven't done that one yet tbh. I get mostly A's, some B's. Got dragged down a bit too much from one D in my first semester though ><
JumpySubsequentDolphin
20:34
do you have any A+’s? that could help your gpa!
JumpySubsequentDolphin
20:36
bc LSAC recalculates A+ to 4.3
madollyy
20:39
Noo :( Unfortunately. I'm surprised that I don't, there were definitely some classes that I remember scoring 98-100% but it doesn't show on my transcript
madollyy
20:41
Acutally
madollyy
20:41
My university does not list A+
JumpySubsequentDolphin
20:42
yeah my university’s the same way, so frustrating! still a great GPA and with a killer LSAT score you’ll be good to go :)
JumpySubsequentDolphin
20:42
if you have the means, I’ve heard private tutoring is the way to go
madollyy
20:44
Fingers crossed! I mean I'd be so so glad to go to law school period, but I am a bit of an overachiever. Dream is Berkeley rn, but I'm of course happy to go anywhere that lines up with my plans. And is kind enough with scholarships lol
madollyy
20:44
I'll have to see if my parents are willing to support that. I'm living on my own but ik if it'd help me they'd be willing to help
JumpySubsequentDolphin
20:47
who knows, you might not even need a tutor! Take a diagnostic and see where you stand :)
Dkk
21:03
@madollyy: yeah that happend to me too with my community college transcript. You can try calling to see if they can alter your transcript but like mine would not do it.
Dkk
21:04
Ask @babycat to tutor you @madollyy
KnowledgeableRitzyWasp
21:08
cat food is expensive tho
Eggan
21:09
I HOPW THAT ISNT REAL
[] texaslawhopefully
21:09
@JumpySubsequentDolphin: I would push back on this. I think for the vast majority of people LSAT tutoring is unnecessary.
Eggan
21:09
oh its from nov 12 phew
Eggan
21:09
i was about to have a heart attack
Eggan
21:09
at the berk decision lmao
[] texaslawhopefully
21:10
@madollyy: I focus on bringing your GPA up as much as possible in the last semester because once you graduate you cannot change that. So don't study for the LSAT next semester if you think that would impair your ability to get straight A's. As for LSAT studying, I would recommend LSAT Demon (ik controversial), the Loophole, and Reading Comp Hero.
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