How a PatentBook works
PatentBooks offer an efficient, “one-stop shop” for Subscribers (patent users) to license the patent rights needed to offer products & services, and the greatest benefit to Publishers (patent owners) by paying quality-based royalties on every single PatentBook patent.
In global commerce today, there are large numbers of patents used in many common products and services.
Patents required for a particular application are sometimes so numerous that the process of identifying and negotiating with each patent owner is seemingly impossible. If licensing transactions are simplified and reasonably priced, most users prefer to be transparent and license patents as required. In response to this fact, we assemble portfolios of patents for licensing in a single transaction, or “PatentBooks.”
PatentBooks facilitate cost-effective patent licenses between owners and users by aggregating patents relevant to a product, offering users a single price to license aggregated patents, and distributing the licensing income to owners based on quality patents.
PatentBooks group patents by product
Patent owners are invited to list their patents in their appropriate PatentBook. A patent owner who lists patents in a PatentBook (at no charge) becomes a PatentBook Publisher. Publishers still own the patent, continue the licensing businesses they are involved in, and add the new PatentBook licensing income stream.
Publishers only pay to validate their self-evaluation of patents that they may conduct on patents that they select from their patents relevant to the PatentBook product. The validation and self-evaluation process is based on the transparent, standardized TAEUSworks™ methodology.
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For an LCD television, there are dozens of patent owners who are entitled to be compensated for the use of their patented intellectual property. But the bulk of LCD patent users have been unable to identify, contact, and negotiate acceptable terms with many of them due to their sheer numbers and diversity.
With PatentBooks, these patent users have one place to license all the appropriate patents. Patent owners get a new license revenue stream that maps both to Subscribers’ success and respective patent quality. Even the weakest patents will earn revenue that helps offset their patent maintenance costs.
TAEUSworks™ Patent Evaluation
Determining the strength or quality of a patent from a technical and licensing perspective requires very specific skills. The only true assessments of a patent’s overall value come from pure human intelligence.
The quality of a patent listed in PatentBooks is determined by TAEUSworks™, a patent evaluation and rating method that has been developed over the past two decades by TAEUS. TAEUSworks™ is a human-intelligence-based process where subject matter experts are trained and certified as Patent Evaluators. The process is transparent and yields patent ratings that are both consistent and repeatable. The evaluation criteria are described in the tab Evaluation Criteria.
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