TAEUS Global Licensing: PatentBooks
In the high tech sector of manufacturing there are significant and often unmanageable numbers of patent holders for many of the mainstream products sold today. These patent holders are sometimes so obscure that the process of identifying and negotiating with each individual is daunting at best and impractical at worst.
Currently many manufacturers face a nearly impossible task of maintaining US IP compliance for their products. In response to this current complexity and frustration, we assemble portfolios of patents for broad IP compliance, creating productized “PatentBooks”.
TAEUS Global Licensing (TGL) facilitates cost-effective patent licenses between patent holders and manufacturers by aggregating patents pertinent to a product, offering manufacturers a single price to license all the aggregated patents, and distributing the licensing income to patent owners relative to the quality of their aggregated patents.
How it Works
A PatentBook groups patents by products that may use the patents contained within the PatentBook. Patents invited to be listed in a PatentBook may cross the entire spectrum required to create, manufacture, and distribute a specific product. In order to provide broad legal coverage and true risk reduction to the Subscribers, PatentBooks contain 1-2 orders of magnitude more patents than any patent pool available today.
Publishers list their patents in the PatentBook for free, retain all patent ownership and enforcement rights, and are allowed to remove specific patents or all of its patents from the PatentBook at any time with minimal notice, with their only residual requirement being to honor existing Subscriber licenses already concluded which include the Publisher’s patents.
Publishers only pay to have their patents’ self-evaluations validated for higher quality rankings in the PatentBook. Patent quality rankings will be completed based on a transparent, standardized PatentBook scoring criteria which is based on the market-proven TAEUSworks (patent pending) patent evaluation method developed by TAEUS and utilized broadly in the market for the past 15 years.
Example: LCD Televisions
For an LCD television there are dozens of patent holders who are entitled to be compensated for this property. But the bulk of LCD manufacturers have been unable to identify, contact, and negotiate acceptable terms with many of them because of location, cultural, and language barriers.
With PatentBooks, these manufacturers would have a simple point-of-contact to ensure that their products were covered by the appropriate patents. Patent holders get a new license revenue stream that maps both to Subscribers’ success and respective patent quality while covering their cost of the patent maintenance.
PatentBooks offer an efficient, “one stop shop” for licensing of patent rights needed to manufacture products in away that we believe would offer the greatest benefit to patent owners (Publishers) as well as the manufacturers (Subscribers), distributors, and sellers of those products.