Most people generally think of intellectual property like patents, trademarks, and copyrights. But your IP is more than just a product, brand, book or software. IP extends into many formats including customer information, software source code, business models, databases, operations manuals, professional expertise and much more. These rights are different […]
Uber has launched a patent purchase program. It’s called UP3 and it’s designed to speed up their ability to buy patents. The program is similar to the one offered by Google last year. It’s set up to simplify the complicated process of buying and selling patents. According to Uber, the […]
The royalty rate is the price a licensing partner is willing to pay for your intellectual property rights. Calculating it is just as important as determining the royalty rate amount. The more critical or significant your IP is to revenue and profitability, the higher the royalty rate. But that’s not […]
All intellectual property is linked to prior invention, knowledge, and creativity. Often enhancing an old technology generates valuable new inventions, or adapting an old artistic tradition results in new creative works. IP builds upon IP, creating new industries, businesses, markets and wealth creating opportunities. Throughout history, intellectual property has played a big […]
Even if you are “commercializing” your IP by selling your product or services, you can be overlooking its value. Your IP can help establish creditworthiness and can qualify you to get bank financing to expand or launch a business. This strategy is used by both companies with well-known brands (i.e. […]
