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LSDefine

Simple English definitions for legal terms

patent pooling

Read a random definition: European Convention on Human Rights

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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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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