Patent Pool Administration
Increasingly, Miller Kaplan Arase LLP’s technology clients participate in patent pools to mitigate the expense and risks of research, development and commercialization of new and innovative products.
Patent pools efficiently provide multiple companies access to “essential” patents held by companies interested in licensing those patents, and offer an alternative to the negotiation of separate licenses with each pool licensor. Participating in patent pools helps technology leaders, ranging from medical device makers to high tech software and hardware manufacturers, concentrate their attention on their individual businesses instead of patent licensing. For patent pools to operate properly, independent oversight and administration is important.
Administering Technology Patent Pools Efficiently and Cost Effectively
Miller Kaplan offers independent pool administration, management and compliance services to patent pools.
We support the patent pool’s goals of efficiency and cost effectiveness. Our presence addresses concerns about anti-trust issues and includes establishing key financial relationships and procedures, collections of royalties, and reporting responsibilities for these joint venture agreements. Related services include:
- Routine, Daily Administration
- Current/Prospective Licensee Communication
- Financial Management
- Royalty Collections
- Royalty Allocation and Compliance
- Financial Reporting
- Income Tax Planning
- Tax Return Preparation
In addition to performing these patent pool services for our clients, we develop and maintain internal controls on behalf of the pool.