A Seller’s cumulative time commitment (after registering for payment transactions) from adding a listing to completing a sale should be under 10 minutes
IP Prism’s bulk upload lets Sellers upload a file identifying hundreds of patent listings in under a minute
After pre-processing, a new listing from the bulk upload is added every ~10 seconds
IP Prism emails the Seller when listings are live
Sellers receive
emails when their counter-signature is required, and contract execution is handled online
IP Prism's Advantages for Patent Buyers:
Securing a brand-new patent can take years and hundreds of hours of time commitment, while
sales through IP Prism’s marketplace takes days and minutes of time commitment
(after one-time registering for payment transactions)
Because IP Prism has capped the time
(from 3 calendar days for an NDA and 10 days for a Sales Agreement) that
Sellers have to counter-sign the sale is completed within 2 weeks
Compare this to the years it can take and the hundreds of hours of effort to secure a brand-new patent
Why Should I Not Just Pursue/Maintain My Own Patents?
IP Prism's Advantages for Patent Owners:
US maintenance fees
need to be paid for a patent to stay enforceable, and these fees total
more than $13,000
Sometimes, entities’ business priorities shifted over the years, making some patents less valuable
Often, patent
budgets are limited,
so paying maintenance fees means that there is less budget to protect new inventions
IP Prism’s marketplace supports a situation where a patent owner can avoid paying one or more maintenance fees, can
earn money
through the sale, and can hrough the sale, and can to practice the invention
IP Prism's Advantages for Patent Buyers:
For a new patent application, there is no guarantee that the Examiner will allow it to issue as a patent, but
each IP Prism listing includes at least one issued patent
Claims are very frequently revised through examination, meaning that the claim scope is questionable for new filings,
whereas claims of issued patents for sale on IP Prism have been granted
Securing a brand-new patent can take years and hundreds of hours of time commitment, while
sales through IP Prism’s marketplace takes days and minutes of time commitment
How does IP Prism Handle Patent-Sale Payments?
IP Prism's Advantages for Patent Owners:
A Buyer’s payment is collected before
request for counter-signing a Sales Agreement is sent to the Seller
Payment is handled by seamlessly integrating with a trusted third-party payment handler (Stripe®)
IP Prism's Advantages for Patent Buyers:
After a payment account is set up, paying is easy and fast (via Stripe®)
If a Seller does not timely sign a contract, the Buyer’s payment is automatically refunded
Payment is handled by seamlessly integrating with a trusted third-party payment handler (Stripe®)