The chain-of-title of one or more of the assets included in the deal could be defective, one of the inventors has not transferred her rights to her employer. Some patents resulted from a collaborative arrangement and now are jointly owned. The seller could present a list that inadvertently missed several important patents. The Government could have funded any party along the chain of title, it could prevent the buyer from manufacturing outside of the U.S. Is any of the patents subject to anti/conditioned/restricted assignment clause? Has any of the assets expired due to non-payment of maintenance fees? How long would it take to check 500 patents, and how much would it cost?
With PatenTrack all the above can be done within one week. Including review of prior litigation, PTAB, and even the technical scope of the claims. We automated all that so you can do your job successfully.
Working on a merger, PatenTrack helped us finding patents that were not recorder on our name.
With PatenTrack we were able to quickly locate the patents with broken chain of title.
PRODUCTS AND BENEFITS
Locate Lost Patents
Many are not aware of patents that were assigned to them under incorrect names, and each merger assignment list misses about 7%. Use PatenTrack's Locate Lost Patents to find your lost patents.
Import Patent List
As an acquirer, you want to review the list of patents to be assigned to you prior to their assignment. PatenTrack allows you to import any third-party's list to be reviewed internally.
To bring your patent portfolio into a transferrable shape, PatenTrack has created the Correct-and-Update which allows you to instantly identify and correct faulty names, addresses etc.
Fast Review allows instant access to all the patents' aspects, including the abstract, specifications, claims, and figures, post-grant, family, maintenance activities, forward citations and a lot more!
With PatenTitle you can instantly see whether the seller has a title, identify within minutes transactional defects, and easily investigate their legal nature.
Say goodbye to recordation with typos and errors. With Quick-Submit you can automatically draft an assignment agreement and submit it directly to the Patent Office.
Questions about how PatenTrack can fit into your business?
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