Will LOT Network Patent Licensing Deals Hinder or Protect?

Close on heels to Microsoft and Canon cooperative patent licensing deal, a new deal – “License on Transfer (LOT)” network was formed between Google and Canon. According to this cooperative licensing deal, LOT is going to help limit future infringement claims and when the patents are sold, all the companies in this network would automatically get a royalty free license.

Companies like SAP, Dropbox, Asana, Google are part of this network.

Will the License on Transfer network be a boon for Start-ups to limit their exposure to lawsuits from NPE’s needs to be seen.

So, next time you do a IP Due Diligence watch for LOT Network contracts also, as companies in this network will get a royalty free license when you sell your patent. And be mindful that this network so far covers over 50,000 US patents. LOT network seems to be one solution (alternative) to Patent Assertion problem, to reduce patent infringement claims.

 

Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBook – Managing Innovations for Profitable growth. For free download of the eBook, click here.

About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.

VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.

PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.

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Unitary Patent System Gains Momentum in Europe

Recently, Unitary patent System gained momentum in Europe. A recent Reuters article points out that as many as 74 percent of the firms are looking forward for Unitary Patent – wherein the Europe wide unitary patent system offers a cheaper, simpler solutions for IP protection & enforcement. Today, IP’s need to be enforced separately in individual countries across Europe.

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When enforced, the unitary patent will require the annual payment – renewal fees to the EPO, for maintenance. Once granted, and with requisite renewals in place, a unitary patent is intended to provide uniform protection in all participating member states. A unitary patent can be enforced, assigned, revoked, limited and can lapse in all participating member states across Europe. It is all-in-one deal. Patents can be licensed in all member states or part of the territories of the participating states.

To date, 24 of the 40 states designated by a European patent application will be covered by a unitary patent. Others are proceeding with national validations for the grant.

It is interesting to see that initial skepticism about Unitary patent system is turning on its head and more endorsements, buy-ins are coming up and is fast becoming common choice for IP protection. Tech savvy companies in Europe are more upbeat about this common patent system.

Sajjad Karim, Member of European Parliament, and Legal Affairs Spokesman is a strong proponent of Unitary Patent system and is diligently pursuing in making Unitary Patent a reality.

For more details refer to this link.

 

Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBook – Managing Innovations for Profitable growth. For free download of the eBook, click here.

About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.

VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.

PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.

Top Patent Recipients in 2013

Top Patent Recipients in 2013

IBM consistently maintained its top position, receiving maximum number of patents.

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IBM topped the list again. Samsung came close second.

Top 10 Patent Recipients for 2012 include: IBM (6,478), Samsung (5,081), Canon (3,174), Sony (3,032), Panasonic (2,769), Microsoft (2,613), Toshiba (2,447), Hon Hai (2,013), General Electric (1,652) and LG Electronics (1,624).

 

Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBook – Managing Innovations for Profitable growth. For free download of the eBook, click here.

About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.

VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.

PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.

Microsoft & Canon Cooperative Patent Licensing Deal to Accelerate Innovation

Microsoft inks a patent licensing deal with Canon. This licensing agreement is one level up and some what special as it allows both the companies to leverage each others patent portfolio. This cooperative licensing accelerates innovation and almost eliminates patent disputes. This collaboration is targeted in digital imaging and mobile consumer products to deliver unique value proposition to consumers worldwide.

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Details of the licensing agreement have not been disclosed. Historically Canon was leveraging Microsoft’s patent in its range of products.

It is interesting to note that Microsoft acquired over 310 issued patents and application through its Nokia acquisition deal and some of them acquired from Nortel via Rockstar consortium – a patent licensing troll owned by Apple, Inc., BlackBerry, Ericsson, Microsoft and Sony.

Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBook – Managing Innovations for Profitable growth. For free download of the eBook, click here.

About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.

VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.

PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.

Univeristy of Florida leads Patent Approvals in 2013

University of Florida (UF) received high number of patent approvals for the year 2013. According to a report by National Academy of Inventors, UF received 93 patent application approvals and is ranked as 14th largest producer of IPs worldwide.

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University of Florida is spending $600 to 700 Million a year as part of Research & Development effort. It is interesting to note that University of Florida received $91 million in licensing revenues for 2010-12.

 

Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBook – Managing Innovations for Profitable growth. For free download of the eBook, click here.

About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.

VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.

PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.

Tesla’s Competitive IP Sharing Strategy Pays off

Tesla Motors brought innovations and spurred the growth of electric car market. Now, quickly capitalizing on its first mover advantage – Tesla Motors which has a network of charging stations across US, is in discussion with BMW and Nissan to share, opening the vistas for Tesla’s superchargers to become Industry standard.

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In a related development, India’s leading automaker, Mahindra – which has developed several electric vehicles for the Indian Markets is reviewing Tesla’s patents to evaluate for potential consideration. For more details, refer to the enclosed link.

Universally compatible charging will for sure accelerate electric vehicle adoption – and bring electro-mobility to fruition much sooner than later.

Two things have become clear – 1) Tesla is luring competitors with its IP Technology sharing and 2) It is making people rethink on IP and Technology sharing & monetization.

Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBook – Managing Innovations for Profitable growth. For free download of the eBook, click here.

About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.

VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.

PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.