Ocean Tomo Offers New Site For Patent Transactions

Law360 (May 6, 2008, 12:00 AM EDT) -- Merchant bank Ocean Tomo LLC has unveiled a new Web site that allows buyers and sellers to make online transactions on millions of patent assets across 77 countries.

Patent/Bid-Ask, located at www.OTPBA.com, was launched last month as part of the firm's objective to further IP liquidity and to make the patent bidding and selling process more transparent.

One of the site's main benefits is that it publicly posts all bids, offers to sell and final transaction prices on the assets. It also provides corporations that would otherwise abandon certain assets with the option of putting them up for sale on the...

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