Meaning of patent pool | Babel Free

Definitions

A consortium of companies which agree to crosslicense patents relating to a particular technology, often to avoid the problem of blocking patents.

Examples

“A patent pool is an arrangement in which patents of different firms that are relevant to a certain standard or technology are licensed as a package, and the resulting royalties are distributed among those firms (called the licensors).”

“A patent pool can be an effective way of resolving conflicting rights.”

CEFR level