We try to match patentees with patent brokers, contingency-driven patent litigators and litigation finance companies that we believe represent the highest probabilities for monetizing their patents.
Monetizing patents is very difficult. There are no guarantees that we will be able to locate professionals interested in pursuing the monetization of any particular patents nor can we guarantee that such professionals, once retained, will be able to monetize your patents to your satisfaction. Even in the best of situations, it takes more time to receive money for your patents than you would like. That’s the reality.
There are millions of issued patents and patent applications. Almost all patent owners would like to monetize their patents in some fashion. The problem is that there are relatively few patent brokers and contingency litigators that have records of successfully monetizing patents. Their success is a function of hard work, long-hours, risking large sums of capital, and selectivity as to the cases they accept. These professionals are deserving of respect, especially when they work on a success basis.
For these reasons, we apply discretion to the patentees that we introduce to patent brokers and patent litigators. We are not interested in engaging in aimless discussions with unfocused inventors. We do not welcome half-assed emails (e.g. poorly written emails with no contact information). We are not in the business of doing favors for strangers. Nothing on this website should be construed as an invitation to waste our time. We will certainly not introduce less than serious patentees to our network of patent brokers and patent litigators.
The first step for working with a patent broker is to ask not what the patent broker can do for you; rather, you should ask what you can do for the patent broker. For one thing, you should be prepared to execute deals that meet predetermined targets. If you are not prepared to relinquish your patent rights after your broker spent months on end arranging a deal that you agreed to, don’t contact us. Also, you might have to prepare (or pay someone else to prepare) collateral material relating to evidence of use, estimated damages or commission a Patent Valuation Report. An apt analogy is you might have to put a fresh coat of paint on your house before you put it on the market.
One the other hand…
We are motivated to help serious patentees monetize their patents. We stand to receive a percentage of the proceeds from monetization events. Like you, we want to receive as much money as possible as soon as possible for as long as possible. Straining out time-sapping patentees allows us to better place patents owned by serious patentees with patent brokers and litigators.