Inwards/outwards Patent Licensing Profiles. Case studies on Canva, Tile and Tinder
Patents are intended to grant a time-limited commercial monopoly for innovative companies, and not surprisingly patents are being filed in greater and greater numbers. This is both good and bad for these companies - on one hand, these companies get to strengthen their intellectual property position - on the other hand, these companies need to consider the patents of companies protecting similar technology.
In practice, many companies deal with this issues by patent licensing. Some patent licensing happens when two companies reach an agreement on a commercial basis - other patent licensing happens as a result of patent litigation, either as a settlement or a court judgment. And there is much patent litigation going on - hite and Case reported in March 2021 that US patent litigation cases grew to around to 4,000 cases in 2020, an increase of 13% from 2019.
However understanding all of the opportunities and risk for patent licensing can be very time-consuming in practice.
In this blog published on Ambercite.com, I look at how Ambercite can be used to create Inwards and Outwards Licensing Profiles for three technology companies of Canva, Tile and Tinder.