LML Patent Corp.
Through our subsidiary LML Patent Corp., we provide licenses to our intellectual property estate, which includes five U.S. patents describing electronic check processing methods. When we provide clients licenses to our intellectual property estate, they typically include ongoing royalty fees and, in some cases, release fees for potential past infringement. In some instances license agreements may provide for the payment of contractually determined paid-up license fees to us in consideration for the grant of a non-exclusive, retroactive and future license to our intellectual property estate.
Our intellectual property estate includes the following U.S. patents:
