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License on Transfer network

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Overview Edit

The License on Transfer (LOT) network is a cooperative patent-licensing agreement among Asana, Canon, Dropbox, Google, Newegg and SAP that will cut down on patent troll litigation and the growing practice of patent privateering.

The LOT agreement is a new kind of royalty-free cross-license meant to address significant patent litigation issues. Member companies receive a license when the patents are transferred out of the LOT group. That means that companies retain their right to enforce a patent so long as they retain ownership of it. However, as soon as it is sold, a license to the other members becomes effective, protecting them from attacks by the troll to which the patent was sold.

The agreement includes several other provisions that preserve a patent portfolio's value, including carve-outs for certain M&A transactions and change of control.

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