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October 6, 2006, Newsletter Issue #35: The Advent of Patent Pools
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Tip of the Week
If your invention work is within the science or technology field, an interesting development contributing to the speed of technological advancements is the patent pool. A patent pool is an agreement between two or more patent owners to license one or more of their patents to one another or third parties. A patent pool allows interested parties working on science inventions to gather all the necessary tools to practice a certain technology in one place.
The idea behind this is that by allowing access to patented technologies, it will remove impediments to the development of other vital products and processes using those patented ones. For biotechnology and pharmaceuticals, patent pools aid in the quick development of new drugs, tests and therapies that improve people's lives.
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Exclusive Sponsor
This weekly Invention Tips newsletter is brought to you by InventHelp, "The Invent Help People," America's leading inventor service firm. InventHelp can assist you in trying to submit your invention or new product idea to companies, as well as help you obtain affordable patent services. To request more information, visit www.inventhelp.com or call toll-free 1-800-INVENTION.
