Patent holding company

ByteDance Moves to Protect Innovation from the Threat of Patent Litigation by Joining LOT Network

Retrieved on: 
Thursday, February 18, 2021
Intellectual property law, Patent law, Criticism of intellectual property, Patent troll, Pejoratives, LOT Network, Patent, Bytedance, Defensive patent aggregation, Patent holding company

"As champions for the fair use of IP, we encourage other companies to help us make the industry safer by joining LOT Network.

Key Points: 
  • "As champions for the fair use of IP, we encourage other companies to help us make the industry safer by joining LOT Network.
  • ByteDance is sending a strong message that innovation should be protected with patents, and that the global powerhouse and the entire LOT Network community should be protected from patent assertion entities."
  • LOT Network is an international community of the world's leading high-tech companies committed to protecting its members from costly litigation from patent assertion entities (PAEs).
  • LOT Network currently protects more than 1,200 members in 36 countries from litigation from over 3 million worldwide patents and counting.