IP Prism's Advantages for Patent Owners:
-
Bulk upload available, so that
thousands of patents can be listed for sale in minutes
-
A patent with encumbrances can be listed
-
Mutual execution of an NDA can
be required before a potential Buyer sees encumbrances
-
Patents from different patent families can be easily merged
into an aggregate listing
-
License on Transfer to original
patent owner
IP Prism's Advantages for Patent Buyers:
-
Each listing has at lease one
issued patent, giving certainty
of the claim scope and status
-
Links to various third-party
websites are provided in listings
to support Buyer review
-
Sophisticated text-based
searching of patent listings available
-
Patents from different patent families can be easily merged
into an aggregate listing
-
A completed sale means a
buyer owns a patent (and
doesn't just have a license)
- 1.
A seller identifies a patent to list for sale, a price, any
encumbrances, and whether the full patent family is for sale
- 2.
IP Prism’s bulk upload even lets the seller just upload a file
identifying hundreds of patent listings
- 3.
A buyer searches the Marketplace and is interested in the patent
- 4.
If there are encumbrances, the buyer signs an NDA online and Seller is emailed to countersign
- 5.
The buyer signs a Sales Agreement (that includes the License on Transfer) and provides payment information
- 6.
The seller is emailed to countersign Sales Agreement
- 7a.
If the seller signs within 7 days, payment is routed to the seller, and the signed Sales Agreement is sent to both parties
- 7b.
If the seller does not sign within 7 days, the buyer is refunded