patent pool
Word Rarity
Uncommon
Frequency: Zipf frequency 4.06 in modern English
14
Scrabble Score
10
Letters
2
Syllables
7
Unique Chars
Meaning
noun
A consortium of companies which agree to crosslicense patents relating to a particular technology, often to avoid the problem of blocking patents.
Example Sentences
- "A patent pool is an arrangement in which patents of different firms that are relevant to a certain standard or technology are licensed as a package, and the resulting royalties are distributed among those firms (called the licensors)."
- "A patent pool can be an effective way of resolving conflicting rights."