Why you should publish your patent in a PatentBook
Benefits for Patent Owners (Publishers)
PatentBooks offers a low cost/low risk means for Patent Owners to become Publishers and derive new revenue from unlicensed product suppliers. Publishers retain all rights to their patents. There is no cost to list or remove patents to or from a PatentBook. By listing their patents in a PatentBook, Publishers realize the following benefits:
▶ Inclusion: PatentBooks allows Publishers to list all patents related to the creation of a product, including design, methods, and processes. Patents are included even if they are not “essential” or if they enable one of multiple technical solutions to a standard.
▶ Better patents are better rewarded: The validated TAEUSworks™ rating within a PatentBook allows Publishers to be compensated according to the quality and quantity of their listed patents.
▶ Access to small manufacturers: The cost to license or litigate is so high that patent owners focus only on the largest product suppliers. PatentBooks, due to the scope and volume of its patents, appeals to all product suppliers, large and small. In addition to making broad IP compliance easier, PatentBooks is making it difficult to be non-compliant. (A product supplier may claim it does not infringe one patent, it is impossible to do so when presented 15,000 to 50,000 patents.)
▶ Revenue assurance: Licensing revenue is unpredictable due to the time required to conclude bilateral agreements or to prevail in litigation. Given today’s short product life cycles, time is of the essence. PatentBooks offers a streamlined licensing procedure that reduces the transaction time and cost, and delivers a predictable licensing income stream.
▶ Enforcement: PatentBooks provide Publishers a list of non-Subscribers so a Publisher may approach an non-Subscriber directly, at their discretion, to encourage licensing.
▶ Executive focus: A much larger cost than the external costs of licensing or litigating patents is the opportunity cost of executive bandwidth. PatentBooks frees management from the distractions of bilateral patent licensing and litigation because PatentBooks Inc, as the License Administrator, performs all marketing, sales, negotiation and reporting functions.
▶ Revenue to cover patent maintenance costs: Patents that are unlicensed earn no income yet are subject to recurring maintenance fees to retain patent validity. PatentBooks compensates all published patents and, in many cases, will cover even the maintenance cost of even the weakest patents.
▶ Business flexibility: Publishers will not need to abrogate existing bilateral licensees to participate in PatentBooks and derive additional licensing revenue.
Contact us to become a PatentBooks Publisher.