Patent Auctions Invite New Opportunities, Risks

Law360 (May 29, 2008, 12:00 AM EDT) -- As companies become more comfortable with buying and selling patents to strengthen their intellectual property portfolios, one question that continues to come up for IP lawyers is whether clients should do a transaction in public or private.

Ocean Tomo LLC, which began holding public patent auctions in 2006 and recently launched a Web site for conducting online transactions, has been endorsing a more transparent process for bidding on and selling patents, but some experts remain wary that a more public venue leaves buyers open to numerous risks.

The way companies are evaluating their IP has changed dramatically in the last decade....

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