Patent Licensing Exchange Launches 1st Offering

Law360, New York (June 6, 2013, 7:57 PM EDT) -- A Chicago-based company on Wednesday announced the first public offering of its planned financial exchange for intellectual property — a stock-market-like system that the company says is the first of its kind.

Intellectual Property Exchange International Inc. began marketing an initial offering for what it is calling "unit license right contracts": exchanged-traded financial products that give buyers nonexclusive licensing rights to a set of patents at market-dictated prices.

IPXI, which was founded in 2008 and claims to have trading commitments from Hewlett-Packard Co., Ford Motor Co....
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