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Patent monetization refers to the generation of revenue or the attempt to generate revenue by a person or company by selling or licensing the patents it owns.. Some of these owners try to make money from patents on inventions they develop, manufacture or market.
Government patent use law is a statute codified at 28 USC § 1498(a) [1] that is a "form of government immunity from patent claims." [2] [1] Section 1498 gives the federal government of the United States the "right to use patented inventions without permission, while paying the patent holder 'reasonable and entire compensation' which is usually "set at ten percent of sales or less".
Sponsored by senators, Birch Bayh of Indiana and Bob Dole of Kansas, the Act was adopted in 1980, is codified at 94 Stat. 3015, and in 35 U.S.C. §§ 200–212, [1] and is implemented by 37 C.F.R. 401 for federal funding agreements with contractors [2] and 37 C.F.R 404 for licensing of inventions owned by the federal government. [3]
A royalty fund (also known as royalty funding) is a category of private equity fund that specializes in purchasing consistent revenue streams deriving from the payment of royalties. [ citation needed ] Royalties are a usage-based payment from one individual or entity to another individual or entity, giving the right to use an asset , product ...
[6] The committee report on the bill that became the Act of 1909 explains that the savings clause was inserted "for the reason that the Government often desires to make use in its publications of copyrighted material, with the consent of the owner of the copyright, and it has been regarded heretofore as necessary to pass a special act every ...
Reasonable and non-discriminatory (RAND) terms, also known as fair, reasonable, and non-discriminatory (FRAND) terms, denote a voluntary licensing commitment that standards organizations often request from the owner of an intellectual property right (usually a patent) that is, or may become, essential to practice a technical standard. [1]
Plus, the agreement would have required the industry to pass along all rebates to the health plan sponsors, which include insurers and employers, in the commercial insurance market.
The Stevenson–Wydler Act specifies, that inventors at government laboratories receive the first $2,000 of royalties each year plus 15% of any additional royalties. [2] Such details are in contrast with the Bayh–Dole Act , which leaves up to the universities the decision how to split the revenue between the inventors and the institution.