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Simple English definitions for legal terms

patent pooling

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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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triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
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