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LOT: Formation of New Cooperative Patent-Licensing Agreement

1 pointsby marcog1almost 11 years ago

1 comment

marcog1almost 11 years ago
"Member companies receive a license when the patents are transferred out of the LOT group. That means that companies retain their right to enforce a patent so long as they retain ownership of it. However, as soon as it is sold, a license to the other members becomes effective, protecting them from attacks by the troll to which the patent was sold."