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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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.

patent_ip_stamp

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.