Methods For Intellectual Property Transactions
AssigneeOcean Tomo, LLC
InventorsKevin Arst, Michael Milani
Life of this patent
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Abstract
A method for transacting intellectual property includes the steps of licensing an IP right corresponding to an IP asset to a licensee according to an agreement; receiving a payment from the licensee for the IP right according to terms of the agreement; and if a call or put option provision in the agreement is exercised, then receiving payment of the strike price and transferring ownership of the IP asset to the licensee. The call option provision provides the licensee the right to purchase the IP asset at a predetermined strike price within a specified time period. The put option provision provides the IP owner a right to sell the IP asset at a predetermined strike price.
Claims32
A method of transacting intellectual property (IP) comprising:
- licensing an IP right corresponding to an IP asset to a licensee, according to an agreement;
- receiving payment from the licensee for the IP right according to terms of the agreement,
- wherein a term of the agreement includes an option, wherein the option provides one of (i) a right to the licensee to purchase ownership of the IP asset at a predetermined strike price and (ii) a right to an IP owner to sell ownership of the IP asset at a predetermined strike price,
- whereby if the option is exercised, the IP owner receives payment from the licensee of the strike price and ownership of the IP asset is transferred to the licensee.
A method of transacting intellectual property comprising:
- obtaining, by a licensee, a license of an IP right corresponding to an IP asset according to an agreement;
- making payment for the IP right according to terms of the agreement,
- wherein a term of the agreement includes an option, wherein the option provides one of (i) a right to the licensee to purchase ownership of the IP asset at a predetermined strike price and (ii) a right to an IP owner to sell ownership of the IP asset at a predetermined strike price,
- whereby if the option is exercised, the licensee makes a payment to the IP owner of the strike price and the licensee obtains ownership of the IP asset.
A method of transacting intellectual property, comprising:
- identifying an IP asset;
- identifying a fee for an IP right corresponding to the IP asset;
- identifying a strike price at which ownership of the IP asset may be transferred;
- and
- offering for execution an agreement which grants the IP right to a receiving party in exchange for payment of the fee to an IP owner, wherein a term of the agreement includes at least one of (i) a call option providing the receiving party a right to purchase ownership of the IP asset at the strike price and (ii) a put option providing the IP owner a right to sell ownership of the IP asset at the strike price.
A method of transacting intellectual property (IP) comprising:
- transferring, by an IP owner, an IP right corresponding to an IP asset to a receiving party, according to an agreement;
- wherein a term of the agreement includes an option providing one of (i) a right to the IP owner to purchase back the IP right at a strike price and (ii) a right to the receiving party to sell the IP right back to the IP owner at a strike price,
- whereby if the option is exercised, the receiving party receives payment from the IP owner of the strike price and the IP right is transferred to the IP owner.
Dependencies are inferred from the claim text.