How A PatentBook Works
In global commerce today, there are large numbers of patents used in many common products and services. These patents are sometimes so numerous that the process of identifying and negotiating with each patent owner is impossible.
Most patent users prefer to be honest and are willing to license patents they use, if the licensing transaction is easy, reasonably priced, and uniform. In response to this situation, we assemble portfolios of patents for licensing in a single transaction, or “PatentBooks.”
PatentBooks facilitate cost-effective patent licenses between patent owners and patent users by aggregating patents relevant to a product, offering patent users a single price to license all the aggregated patents, and distributing the licensing income to patent owners according to the quality of their aggregated patents.
PatentBooks groups patents by products. Patent owners are invited to list their patents in an 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.
Example: LCD Televisions
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.
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.
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 consistent and repeatable. The evaluation criteria is described in the tab Evaluation Criteria.