The Patent Bay Non-Assertion Patent Pledge

AB SKF (“SKF”) is committed to promoting innovation and helping move the world forward. SKF won’t be able move the world forward alone. That’s why SKF is collaborating with other forward-thinking companies and actors to tackle some of the most pressing challenges of our time. This is made possible through its wholly owned subsidiary ThePatentBay AB.

As a result, each respective Pledge Contributor (as defined below) pledges the free use of its respective Pledged Patents (as defined below) on the following terms. The Patent Pledge (as defined below) is legally binding, irrevocable and enforceable against the Pledge Contributor being the owner of the so Pledged Patents, unless otherwise provided herein. Any Pledge Recipient (as defined below) wishing to make use of any Pledged Patents may do so on the terms set out below.

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1.1 Patent pledge

Subject to the terms set forth herein, each respective Pledge Contributor commits perpetually and indefinitely not to assert any of its respective rights under the Pledged Patents contributed by such Pledge Contributor against a Pledge Recipient, subject to what is set forth hereunder in section 1.1. By using any Pledged Patent, the Pledge Recipient accepts and agrees to be bound by the terms and conditions of this Non-Assertion Patent Pledge in relation to the Pledge Contributor contributing such Pledged Patent, provided that the Pledge Contributor has not previously granted the Pledge Recipient a license to such Pledged Patent under different terms. Each Pledge Contributor hereby accepts that these terms constitute a binding agreement with each Pledge Recipient who uses its Pledged Patents.

I am not sure if this is really legally binding or practical, but anything anti-patent is good.

See also related ideas in The Patent Defense League and Defensive Patent Pooling.