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Expert Analysis

Patent Auctions: What Are You Really Buying?

By Marius Meland (April 28, 2006, 12:00 AM EDT) -- On April 5-6, 2006, a Chicago-based intellectual capital merchant bank called Ocean Tomo LLC held what was billed as the first live, open auction of intellectual property at The Ritz-Carlton in San Francisco. It was the first event that brought together a large number of patent buyers and sellers in a single venue. Prior to this event, patent auctions had been done on either an ad hoc basis or over the Web. Is a patent auction the best way to acquire patents? Potential participants should understand the limitations of such events before considering this approach to patent acquisition....

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