Unit License Right™ Contracts

Unit License Right™ (ULR) Contracts

ULR Contracts: A more efficient & transparent approach to IP monetization, licensing & enforcement

IPXI has spearheaded the development of an efficient IP marketplace with the introduction of ULR contracts. ULR contracts transform private licensing of technology into consumable and tradable products, allowing for improved market transparency, smooth technology transfers, and increased efficiencies.

Specifically, ULR contracts allow patent owners to license select technology in a non-discriminatory manner via standard form licenses on publicly disclosed terms. ULR contracts address the current inefficiency of technology transfer including the time, expense, redundancy and uncertain outcome of traditional bilateral licensing negotiations. IPXI serves as the intermediary between patent owners and potential licensees, listing the ULR contracts and facilitating one or more offerings of consumable “license rights” – the ULR contract. Each ULR contract purchased gives the buyer the right to use a pre-established unit of IP, for example the right to make and/or sell up to an established quantity of products covered by the patents in question.

The ULR contract market mechanics are designed to permit the market to guide ULR contract prices to the long-term fair value of the underlying technology rights to the ultimate consumer of the rights while simultaneously preventing artificial supply-side constraints. In sum, ULR contracts represent a quantum leap forward in the monetization and recognition of the value created by patented technology.

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