Buy Patent? Sell Patent? You Need a Broker

Patent brokerage to sell patent, license patent, buy patent, patent marketing or patent auction

Orlando, FL (prHWY.com) May 24, 2012 - Patents are hot, and getting hotter! But if you are an inventor or business looking to monetize your patents, or if you are a business seeking to acquire new technologies or additional patents in your current technologies, a patent broker is critical to your success.

Patent brokers, like real estate and business brokers, represent both buyers and sellers. Patent brokerage covers both the buy patent side - finding a buyer for a patent or patent portfolio - and the sell patent side - identifying and negotiating the purchase of a specific patent or patent portfolio or a patent or portfolio in a specific technology.

Inventors and businesses with patents for sale will often take their patents to a patent auction, but patent auctions reach a very small audience. A skilled patent broker will first help the seller determine a fair asking price for the assets, then develop a comprehensive patent marketing program for the patents that focus on pre-qualified prospects, not the general business community. A patent auction simply determines the value of the patents for sale to those in attendance at the auction on the day of the auction, and no real patent marketing is done to prior to the auction to promote the patents' true value.

On the sell patent side, a patent broker works on a commission, earning a share of the total revenue generated by the sale of the patent, just as a real estate or business broker would. On the buy patent side, patent brokerage is most often done in confidence. This is important, because - especially if the buyer is a large or well-known business - the price of the patents will jump dramatically once the identity of the buyer is known. Also, once word gets out that a business has acquired a portfolio, that business's competitors just received some free, but very valuable, competitive intelligence! When representing a buyer, a patent broker usually receives a monthly retainer plus a success fee once the acquisition is completed.

Patent brokerage includes not just finding a buyer and agreeing on the price, or finding a seller and agreeing on a price, but also performing the necessary due diligence. Just one of the area of due diligence that a competent patent broker will perform is to determine if the patents in questions have any licensees and if those licensing agreements put an restrictions on the patents.

For larger transactions - purchasing many portfolios, or hundreds or thousands of patents, or acquiring a business specifically for its intellectual assets - a patent broker may not be up to the task. For these types of transactions, an intellectual property M &A (mergers and acquisitions) firm is needed. An intellectual property M&A firm can deal with such expanded areas as finance, encumbrances and approvals.

While once sleepy assets that many businesses did not even record on their balance sheets, patents have become the "knowledge currency" of the Information Age, and are often a business's most valuable assets!

For more information, please visit the website http://www.ipofferings.com/ at your convenient time

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Tag Words: patent auction, license patent, sell patent, buy patent, patent brokerage, patent broker, patent

Categories: Technology

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