Acceptance & ULR Contract Preparation
Acceptance & ulr contract preparation
Upon approval by the Selection Committee, the IP owner assigns or exclusively licenses a patent or patent portfolio to a special purpose vehicle (SPV) formed by an IPXI affiliate under a standard IPXI contract. The SPV serves as Master Sub-Unit Licensor or Master Unit Licensor for purposes of offering ULR contracts.
IPXI has prepared standard agreements for both IP owners and ULR contract buyers to effectuate the listing, sale and consumption of ULR contracts.
