LOT Network (License on Transfer) is a nonprofit organization that protects companies’ patents against PAEs (Patent Assertion Entities). More than 620 companies have jointed the LOT community since 2014 when LOT was established
An inventor may obtain a patent protection for their new product by applying through the United States Patent and Trademark Office. Patents are meant to guarantee an inventor the negative right to exclude others and protect their product or method. Certain cases may inhibit an inventor from receiving a patent such as violating the on-sale bar. The on-sale bar statute 35 U.S.C. § 102 (b) in the Patent Act, a statute that governs patent law in the United States, establishes the limitations an inventor may encounter when attempting to obtain a patent.