IP Auction

IP Auction as the name describes is to provide marketplace to exchange (e.g., buy and sell) of intellectual property. This helps the owner to monetize their intellectual property as well as maximize the return from their investment (e.g., time and money).

IP Auctions are safe means of purchasing or licensing intellectual property like domain names, trade marks, etc due to their legal nature. IP auctions are a fast way to sell or license IP. Bidders usually purchase or license low- or no- value patents because patent auctions set a very tight time frame for bidders’ due diligence. The nature of the IP right creates a big imbalance in terms of knowledge between owner of the IP and the purchaser or licensee; the latter party can only minimize the risk of purchasing or licensing a "zero" or low value IP  by receiving sufficient time to investigate the patents.

Patent auction is a swift and effective way to find a purchaser or a licensee for their IP rights. Even so, it is imperative that the bidders themselves conduct a proper due diligence of the patents offered, corresponding to their needs and to their assessment of their true financial and business value.