Orrick, Herrington & Sutcliffe LLP, Partner, Menlo Park, CA, USA
Qualcomm, Vice President, Patent Counsel, San Diego, CA, USA
Boeing, Senior Manager, Patent & Technology Licensing, Seal Beach, CA, USA
Chipworks, Vice President, Patent Intelligence, Ottawa, Ontario, Canada
Today’s dynamic and unpredictable economic climate has accelerated the need for companies to shore up performance by leveraging IP, including the buying and selling of patents. Patents are being purchased to strengthen licensing programs, create counter-claims in litigation, and support strategic business decisions. They are also being sold as a way for companies to gain quick revenue, reduce maintenance fees, and streamline patent portfolios to align with their core business. Depending on the deal value and transaction purpose, investing in legal and technical due diligence helps assess the overall value of the portfolio and minimizes the risk of the transaction.
As such, it’s more important than ever to understand the business considerations in the buying and selling of patents, and gain some perspective on the legal and technical aspects of due diligence that support these transactions. In today’s challenging economy, companies need a cohesive approach that controls cost, reduces risk, and maximizes the value of their investment.
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