Patent pools

Patent pools are agreements between different companies to share their patents related to a specific technology or industry. By combining their patents, these companies make it easier for others to access the necessary licenses to use the technology, reducing legal disputes and promoting innovation. This collaboration can lower costs and streamline the licensing process, benefiting both the patent holders and developers or manufacturers who need access to various patented technologies to create products. Essentially, patent pools help facilitate cooperation and streamline the commercialization of innovations.