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An intellectual property broker mediates between the buyer and seller of intellectual property IP and may manage the many steps in the process of creating a deal with regard to the purchase, sale, license, or marketing of intellectual property assets.
Inventors are faced with several alternatives to making their invention a commercial success. They can build their own start up company from scratch using their own resources. They can contract with third parties such as: Often inventors are interested in expanding their own intellectual property assets through licensing and acquisitions.
Because there is not a well defined market around the buying and selling of patents or other IP assets, if an inventor or patent owner wants to monetize their asset, an intellectual property broker can help by serving to connect the inventor or patent owner with one or more interested buyers.
The broker should have a network of connections in various market segments which can be used to help market the patent being sold. Potential buyers may include industry peers, competitors, entrepreneurs looking to commercialize the technology, but also defensive patent aggregators, and patent licensing companies.
A competent broker should be able to explain to the inventor or patent owner the spectrum of values that may be assessed to a patent depending on the situation or motivation of the buyer in the market. In addition, in bringing buyers and sellers together, an intellectual property broker may provide any or all of the following services:.
The estimated number of patent brokers varies greatly. Further research is required to estimate the number of patent brokers. From Wikipedia, the free encyclopedia. This article needs additional citations for verification.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. March Learn how and when to remove this template message. Accessed October 15, Retrieved from " https: Software distribution Intellectual property law. Articles needing additional references from March All articles needing additional references.