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Allied Security Trust
Allied Security Trust (AST) is an independent, not-for-profit cooperative that provides its members with a method of mitigating the risk of patent assertions and litigation. Business Each member contribute to the operating expense of the trust, and hold funds in escrow for the purchase of patents. Each member's escrow funds are used for the purchase of only those patents that they are interested in. The members involved in the purchase are then licensed to the patents. After a certain period of time, the patents are sold or donated. This is known as a catch and release strategy. AST does not litigate. Members Allied Security Trust public members in 2023, include * Avaya * Adobe * Cisco * Dolby * Google * IBM * Intel * Meta * Microsoft * Oracle * Philips * Salesforce * ServiceNow * Snap * Sony * Spotify * Uber * Verizon Executives *Russell Binns, Jr., CEO {{cite web, url=http://www.alliedsecuritytrust.com, title=Homepage - Allied Security Trust, website=Allied Security Trust, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catch And Release (patent)
This is a list of legal terms relating to patents. A patent is not a right to practice or use the invention, but a territorial right to exclude others from commercially exploiting the invention, granted to an inventor or his successor in rights in exchange to a public disclosure of the invention. A Abandonment The reply of an applicant to an office action must be made within a prescribed time limit. If no reply is received within the time period, the application may be considered, depending on the jurisdiction, as abandoned or deemed to be withdrawn, and, therefore, no longer pending. Allowance A patent is "allowed" when the patent office examiners have determined that the patent application meets the necessary criteria of novelty, non-obviousness, feasibility, and usefulness. The applicants are notified of this certification, and that the patent office is ready to grant the patent once certain fees are paid and paperwork filed by the inventors or assignees. The term is used ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PatentFreedom
PatentFreedom is an on-line community of companies that access and share information about non-practicing entities that own and enforce patents primarily to collect license fees. The company offers membership to operating companies as well as law firms representing them. The company was founded in May 2008. Patent Freedom was acquired by RPX Corporation in June 2014. Products and Services PatentFreedom is a membership organization where members pay annual subscription fee to gain access to extensive information on non-practicing entities. Existing members can also contribute to the information about who are asserting patents. PatentFreedom subscriptions are offered to both companies and law firms. The information includes who the entities are, who is funding them, and who they have asserted their patents against. The company has electronic dossiers on 680 entities, 2100 subsidiaries, holding more than 50,000 United States patents and applications, and involved in 8,900 litigati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patent Troll
In international law and business, patent trolling or patent hoarding is a categorical or pejorative term applied to a person or company that attempts to enforce patent rights against accused infringers far beyond the patent's actual value or contribution to the prior art, often through hardball legal tactics (frivolous litigation, vexatious litigation, strategic lawsuits against public participation (SLAPP), chilling effects, and the like). Patent trolls often do not manufacture products or supply services based upon the patents in question. However, some entities which do not practice their asserted patent may not be considered "patent trolls" when they license their patented technologies on reasonable terms in advance. Other related concepts include patent holding company (PHC), patent assertion entity (PAE), and non-practicing entity (NPE), which may or may not be considered a "patent troll" depending on the position they are taking and the perception of that position by th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RPX Corporation
RPX Corporation (Rational Patent EXchange) is an American provider of international risk management services for patents. The company was founded in March 2008, and is based in San Francisco. It was incorporated on July 15, 2008. By acquiring patents that pose potential problems and providing information on litigation, RPX seeks to reduce patent assertions directed at its clients. RPX provides a defensive patent aggregation service to mitigate clients' risk of litigation from non-practicing entities (NPEs) – also called patent trolls – which acquire patents for the sole purpose of licensing and asserting their patent rights. RPX identifies and purchases patent assets they identify as of high value, relevance and risk that could be used offensively against members of the company's client network. Depending on the situation, RPX may acquire assets from a third party or directly from an NPE. When necessary and possible, RPX will buy patent rights out of an active litigation. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Invention Network
Open Invention Network (OIN) is a company that acquires patents and licenses them royalty-free to its community members who, in turn, agree not to assert their own patents against Linux and Linux-related systems and applications. History The company was incorporated on 31 October 2005. Based in Durham, NC, it was founded on November 10 by IBM, Novell, Philips, Red Hat, and Sony. NEC subsequently became a member. In December 2013, Google became a member. In July 2016, it was announced that Toyota became a member. On October 10, 2018, Erich Andersen announced that Microsoft joined as a licensee. Canonical Ltd., Canonical and TomTom are associate members. Keith Bergelt is the chief executive of the company. Bergelt had previously served as President and CEO of Paradox Capital, LLC As of November, 2021 membership in the OIN stood at approximately 3,500 business licensees. The list of applications considered by OIN, according to Red Hat's Mark Webbink, includes Apache HTTP Server, Ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In New York (state)
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
