PatentBooks™ vs Patent Pools: What’s the Difference?
If you’re considering publishing a patent, you want to research all viable options to ensure you’re choosing the best one for your business. So, you may be asking yourself, “What’s the difference between PatentBooks™ and a patent pool?” In today’s blog post, we’ll be discussing the basics of each so you can make an informed decision when it’s time to publish your patent. Read on to learn more about patent monetization and patent licensing!
PatentBooks™ is an online marketplace where you can publish your patents. It is a low-risk and low-cost solution to publishing your patent and connecting with businesses and individuals searching for patents of that nature. It’s simple to use and removes all of the risk and frustration of litigation, making licensing your patent and creating a new stream of income a breeze. As a business with a patent, you simply sign up for an account and publish your patent(s), for free. Once your patent is in our database, other businesses and individuals who are in need of your patent to create a new product will be able to view and license your patent. You can then sit back, relax, and collect your revenue. With PatentBooks™, all published patents collect enough revenue to cover the maintenance costs, so there’s very little risk to the publisher. A patent pool is a collection of patents that are combined and licensed together. This can be done for many reasons, such as to reduce the cost of licensing or litigation, or to increase the strength of the collective group of patents. Patent pools can be industry-specific or cross-industry, and they are often created by companies who want to standardize technology across an industry. A patent pool typically contains patents that are considered “essential” to a particular technology standard. When a company wants to use one or more patents in the pool, it must first purchase a license from the patent pool administrator. The administrator then distributes the licensing income to the companies that own patents in the pool. It’s often a complex process that includes multiple parties. However, a patent pool is still preferable in some situations. Patent pools are severely limited by national governments worldwide. Patent pools include only patents that are considered “essential” to a specific technical standard. In other words, if two different patents provide technical solutions to an aspect of the standard, neither patent is allowed to be in the patent pool! Those patents must be licensed separately from each other by their respective owners. Not efficient!
What Is PatentBooks™?
How Does PatentBooks™ Work?
What Is a Patent Pool?
How Does a Patent Pool Work?
Learn More About Patent Monetization & Patent Licensing Today!
PatentBooks™ offers a simple, convenient solution to patent monetization and patent licensing. If you have several patents from more than one source within a technical field that require more in-depth licensing, then a PatentBook may be a better solution for your specific situation. To learn more about patent monetization and patent licensing, visit PatentBooks™ online and get started today!
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