There's a new development in the patent field: public patent auctions. They're a good thing and they're here to stay, say commentators Barry Evans and Gregory Dolin. Opening up the market for patents to a greater number of buyers will increase efficiencies and provide a better mechanism for establishing the fairest value of the patents being auctioned.
April 26, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
There is a new development in the field of patents: public patent auctions. They’re a good thing and they’re here to stay.
Historically, patents have been bought and sold. Auctions just provide a better marketplace, one where multiple prospective buyers can compete for the property. Opening up the market for patents to a greater number of buyers will increase efficiencies and provide a better mechanism for establishing the fairest value of the patents being auctioned.
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