this post was submitted on 05 Feb 2024
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Showerthoughts
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I thought your plan was simplifying things and getting lawyers out of it, guess not.
How is a fair mathematical formula determined? Who decides what is appropiate? Are sales the only metric for the formula?
The inventor licenses the patent for for an agreed upon value. Value is determined by the market.
See above.
How are those not addressed?
Money that goes to patent holders is a patent fee no matter how the money is collected. If a company uses a patented invention but doesn't list it how is that infringement enforced? More lawyers and lawsuits?
Details are the important part, how is the value of one patent determined over another, ie how do they split the revenue.