For patent pools to operate properly, independent oversight and administration is important.
Increasingly, our 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.
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 can also develop and maintain internal controls on behalf of the pool.