The LOT Agreement is an industry-led networked, royalty-free patent cross licensing agreement for transferred patents launched by industry participants, including Canon, Dropbox, Google and SAP with contributions by many others. Under the LOT Agreement, every company that participates grants a license to the other participants where the license becomes effective only when patents are transferred to non-participants. Transfers as part of certain spin outs or a Change of Control to a Non-Assertion Entity are carved out. This program protects LOT participants from patent attacks by the non-participant (e.g., a PAE) to which the patent is sold, while preserving participants full use of their portfolio.
The LOT Agreement is administered by LOT Network Inc. To learn more, visit its website at www.lotnet.com.