X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Auctions have become a popular commercial medium on the Internet. Companies like eBay represent a substantial market for both buyers and sellers of just about anything, from coins to cars. Amazon.com has just announced that it will enter this market. As Mark Grossman wrote in these pages, such sales are not without their risks. Amazon.com is addressing the fraud issue for buyers, at least, by providing a guarantee against fraudulent losses up to $250.

Auctioning patents is a different story. Mistakes or fraud here can mean the loss of millions of dollars and years of work. Many in the intellectual property field long felt that those risks were simply too high to permit the auctioning of patents online.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.