Companies often need to strengthen their patent portfolios for cross-licensing negotiations, bringing a lawsuit, or securing freedom to operate. Buying patents is the fastest way to strengthen a portfolio.
A patent purchasing program usually takes 6 months to a year and follows the process described below.
Find Patents of Interest
To find patents of interest, we iterate through the following steps:
- The client describes their patent purchasing needs: target technologies; target infringing companies or products; number of patents; countries where they want coverage; quality of patents; and budget.
- We search patent databases and screen the results to produce a list of candidate patents.
- The client reviews the patents, confirms which patents are of interest, and, if necessary, refines parameters for searching and screening.
The output is a list of candidate patents for purchase.
Confirm Owners’ Willingness to Sell
We contact the owners of the identified patents and ascertain if they are willing to sell.
Perform Due Diligence
For patents available for sale, the client usually engages legal counsel to give an opinion on the validity of the patent and the scope of the claims.
Negotiate and Conclude Purchase Agreement
We then help the buyer negotiate the price and terms and conditions of purchase. The buyer’s name can be kept confidential until late in the purchase process.
Why Work with Us?
- We are highly experienced at patent searching and screening, having done many of these projects. We can fine-tune the searching and screening to meet the buyer’s exact needs.
- We work globally, contacting patent owners wherever they are located.
- We ensure that the buyer’s name is kept confidential until the buyer allows us to disclose it, which is often in the final stages of negotiation with patent owners.
- We are compensated on a success-fee only basis.
