"Under the LOT Agreement, every company that participates grants a portfolio-wide license to the other participants, but the license becomes effective ONLY when the participant transfers one or more patents to an entity other than another LOT Network participant, and ONLY for the patent(s) actually transferred."
Doesn't this mean that if every company were to join the network that we would just end up back at square one with tons of money being pumped into this organization?
Comments
"Under the LOT Agreement, every company that participates grants a portfolio-wide license to the other participants, but the license becomes effective ONLY when the participant transfers one or more patents to an entity other than another LOT Network participant, and ONLY for the patent(s) actually transferred."
Doesn't this mean that if every company were to join the network that we would just end up back at square one with tons of money being pumped into this organization?