Patent Owners Publishers FAQs
A: Publishers have the opportunity for their patents to become the most highly rated patents in a PatentBook since the tiers are populated from the Tier 1 on down. Early Publishers are guaranteed their patent’s position in the top tiers for one year from the first Subscriber payment and PatentBooks distribution.
Early Subscribers and Publishers both have the option to join the Advisory Board of that PatentBook.
A: Nothing, Publishing your patent is FREE and always will be! All patents published are immediately listed in Tier 3.
A patent owner is encouraged to evaluate his own patents against the TAEUSworks™ criteria for the opportunity of greater revenue distribution.
Formal TAEUSworks evaluations are required for Tier 1 & 2 placement for a fee.
A: All patent owners are paid a share of the licensing income distributed by the PatentBook. Payment size is based on the quality of the patent. A validated TAEUSworks™ patent evaluation determines the placement of a published patent into one of the following three tiers for payment distribution:
- Tier 1 consists of the top 1% of all the patents in the PatentBook by patent quality. Tier 2 patents uniformly share 60% of the total distributions, forecasted to be millions of dollars per patent per quarter.
- Tier 2 consists of 9% of all the patents in the PatentBook as determined by patent quality. Tier 2 patents uniformly share 30% of the total distributions, forecasted to be thousands of dollars per patent per quarter.
- Tier 3 patents, comprising the remaining 90% of all patents in the PatentBook, uniformly share the remaining 10% of all the money distributed, forecasted to be enough to cover the maintenance fees for the patents.
The PatentBook quality and value distribution mirror that of nearly all patent portfolios, regardless of the technology, product or ownership.
A: All published patents are automatically placed in Tier 3.
TAEUSworks™ is used to evaluate and validate superior patents for placement into one of the top two tiers. TAEUSworks™ provides strict criteria for multiple human subject matter experts to provide their technical, legal, and economic opinions on the merits of superior patents.
TAEUSworks™ evaluations may be performed by the patent owner or a certified TAEUSworks™ third-party evaluator.
The TAEUSworks™ evaluations provided to the PatentBook Administrator must be validated by the PatentBook Administrator prior to placement into one of the top tiers.
A: The major advantage Publishers experience via a PatentBook is receiving royalties from many more Subscribers than they ever would via bilateral licensing or litigation strategies. PatentBook licensing income is initially all incrementally additive, not duplicating or replacing other licensing income.
By allowing the licensing of all patents necessary to supply a product or service, PatentBooks avoids the “royalty stacking” problem.
The PatentBooks royalty price is open to the public and likely to be different from all other licenses.
A: Publisher distributions occur quarterly once the PatentBook begins accepting payments from Subscribers.
A: Publishing patents in a PatentBook is, and always will be FREE.
A: No. PatentBooks is a non-exclusive channel for licenses. Publishers still retain all rights of ownership. PatentBooks opens up an additional licensing channel. Publishers are free to license to any other parties.