GPS Released
The world is hungry for new innovation. The busiest patent search sites log 2 million hits daily! If you own patents, you probably want know if your patents are of interest to the market. Is there any way to know? YES - by registering your patent portfolio in the TAEUS Global Patent Syndicate (GPS) at www.taeus-gps.com. If you offer attractive license terms for your patents, you may increase traffic on your patents. If you provide information on how to contact you, you might just find yourself in the patent licensing business!
TAEUS Launches Turnkey IP Website Portal Software
TAEUS IPortalware will help patent rights holders more effectively marketing their patents and other intellectual property online. IPortalware is a software platform that manages a complete website, but had one-of-a-kind features to help patent marketers present their technologies online.
Market Contrarians
Most investors in any market profit by being contrarians. They buy when prices are low, and sell when prices are high. In today’s market, companies are trying to raise capital any way they possibly can. Patents provide an excellent source of income and liquidity that is most likely to be undiscovered and under utilized. The key to maximizing value of your patent assets is to get your portfolio in front of the maximum number of potential buyers or licensees.
New Challenges and Opportunities in the IP Marketplace
The Patent Troll problem has been articulated many times. The reality is this: if the patent is valid and infringed, the infringer should pay. Most of the time, however, a comprehensive, thorough prior art search (like the ones we do here at TAEUS) especially in light of recent “obviousness” rulings by the United States Supreme Court, will invalidate most patent troll offerings. Patent trolls are really simply preying on the uninformed corporate management teams who simply run to their litigation attorneys for cover, and pay the troll to go away in lieu of paying the astronomical fees to their attorneys in patent litigation.
The eBay of Intellectual Property Exchange
Hank Barry, best known as former CEO of Napster, Inc. from 2000 to 2002 stated clearly in his keynote speech at the Spring 2007 LES (Licensing Executive Society) meeting in Atlanta, “The pen and paper system of transacting IP will not scale to meet the needs of the global marketplace.” He impressed upon the audience the need for what he called an “eBay for Intangible Rights” where patent licenses could be taken online and adjusted as needs change.
New Years Greetings
2008 brings new challenges to our industry. Can we, as intellectual property leaders, develop the necessary momentum in our marketplace to assure that patents retain their historic value as an intangible asset class? I think we can. As we all make our resolutions and develop business goals for 2008 at the top of the list should be to establish an online market for patents. I am not preaching using the TAEUS Patent Exchange as the sole player in the industry—although you are welcome to advertise your patents for sale and license for free at TAEUS.com.
How to Build a Fluid and Efficient Patent Marketplace
TAEUS announced at the LES 2007 Annual Meeting a new paradigm that promises to lead to a more fluid market for IP. The TAEUS Patent Exchange is a free, open IP trading platform that allows sellers and licensors to post, categorize and market their patents. The Patent Exchange is a marketplace that puts the buyer together with the seller where the sale or license is negotiated directly. The Patent Exchange is self-service, and users need never speak to a TAEUS employee to buy or sell IP.
What's Your Strategy at the IP Auction
Whether patent and IP auctions are a major trend, a minor blip or a passing fancy is yet to be determined—only time will tell. Thus far, the trends indicate that IP auctions will play a significant role in the future of the IP commerce landscape. Patent auctions have been successfully held in the United States and are now also being held in Europe.
Key Trends, Patent Pricing and Announcements from the Ocean Tomo Auction
TAEUS had a large presence at the auction including presenting a new workshop on patent mining for competitive intelligence. Art Nutter, Dwight Olson, Scott Bechtel and Matt Troyer all attended from TAEUS. After the auction was over, we compared notes and discussed our thoughts on the event and auctioning intellectual property and patents. Several of our clients asked us to write down a digest of the auction including key trends, patent pricing and other announcements from the auction.
Shaking Up a Moneymaker
What’s the difference between a restaurant at a mega-resort and a patent portfolio at a large technology company? Both are assets that need to be carefully managed to maximize revenue. In the restaurant business, Aziz figured out what he had to do to maximize traffic patterns, demographics, atmosphere, price points and more. This became his ideal situation for each venue. In the patent business, you look at technology life cycle, current use, future use, strength of claims, alternatives, enforceability and ease of investigation, right? These are the performance indicators that you have to understand about every patent in your portfolio before you can determine what the ideal is.