patent pool

noun

Definition of patent pool

1 : a pool or combination in which the agreements are enforced by centralized control of essential patent rights
2 : an arrangement of cross-licensing in which several patent owners join together to make individually held patents available to all members of the group

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“Patent pool.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/patent%20pool. Accessed 25 Jan. 2021.

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