With the growing importance of Intellectual Property Rights (IPRs), evidenced by damage awards for infringement and annual royalty income reaching 10-digit figures, “leveraging” and “monetizing” IPRs have become buzzwords. A veritable cottage industry of webbased third-party service providers has sprung up in short order to “extract value” from IPRs. The big five accounting firms, and Arthur Andersen, in particular, seem to have initiated and spearheaded the “new wave” or, I would say, “new craze.” To name but a few: Aurigin, Ascent Financial, Delphion, Epache, INTX, ipCapital Group, IP.com, IPNetwork.com, IP Vision, IP Value Management, Invention Machine, Licent Capital, M-Cann, PatEX, Pl-xTRRU, ThinkFire, Value Extraction, Yet2.com, etc.