Changes

The creation of patent pools mainly benefits the owners of complementary or essential patents. Complementary patents cover multiple technologies protected by separate patents required for the development of a specific new product, and therefore, necessitate shared licensing [http://www.wipo.int/export/sites/www/ip-competition/en/studies/patent_pools_report.pdf (WIPO)]. Cross-licensing between companies in a patent pool facilitates building upon previous technologies and increases the efficiency of innovation by organizing complementary intellectual property assets under one contract [http://www.wipo.int/export/sites/www/ip-competition/en/studies/patent_pools_report.pdf (WIPO)]. In a situation in which two companies own different IP assets that are not enough to create specific products, these companies Companies can also reduce the amount spent on litigation by settling disputes with the creation of patent pools. This would be blocking each other's patents benefit small- and preventing medium-sized businesses that usually cannot afford the introduction costs of an innovative product or service to the market. Patent pools deals with these inefficiencies by organizing complementary IP assets under one contractexpensive litigation. [http://www.wipo.int/export/sites/www/ip-competition/en/studies/patent_pools_report.pdf (WIPO)]

Complementary patents cover multiple technologies protected by separate patents required for the development Constructive uses of a specific patent pools include "new productcombat aircraft during World War I," advances in radio frequency identification technology, and therefore, necessitate shared licensing [http://www.wipo.int/export/sites/www/ipthe Eco-competition/en/studies/patent_pools_report.pdf (WIPO)]Patent Commons created by the World Business Council for Sustainable Development. CrossThe Eco-licensing between companies in Patent Commons eliminates royalties for a patent pool facilitates building upon previous technologies.  Companies can also reduce the amount spent on litigation by settling disputes with the creation number of patent pools. This would benefit smallpatents to be used for eco- friendly innovation and medium-sized businesses pools patents that usually cannot afford the costs of expensive litigation. have potential for sustainable design applications [http://www.wipotheglobalipcenter.int/exportcom/sites/wwwdefault/ip-competitionfiles/enreports/studiesdocuments/patent_pools_reportPrizes__Patent_Pools.pdf (WIPO)].