THE PROBLEM
Making sure ALL patents, held by multiple subsidiaries, generate return on their TCO is challenging to due the high cost of review and execution. The process of locating the patents, figuring out their legal situation, including 3rd party rights, updating and correcting, strategizing and monetizing, while getting input from all relevant stakeholders is a complex and expensive process that's many times avoided, resulting in extremely high cost of ownership, and loss of enormous patent value.
THE SOLUTION
PatenTrack's structured workflow was designed to handle the complex tasks along the patent monetization lifecycle. By automating the time consuming tasks, PatenTrack enables Chief IP Officers, patent portfolio managers and their teams to quickly bring each asset to a transactional shape, smartly strategize, and easily execute to ensure each patent is taken care of and doing its job.
Working on a merger, PatenTrack helped us finding patents that were not recorder on our name.
Amir Brody, Essex LLCWith PatenTrack we were able to quickly locate the patents with broken chain of title.
Rachel Abrams, Choetech IncPRODUCTS AND BENEFITS
Visible Patents
Gaining visibility into your patent portfolios will allow you to view your assets in an orderly manner, and establish a strong basis to proper management.
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.
Correct-and-Update
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.
Clean and Neat
Expired securities and other 3rd party rights, assignments that others inadvertently recorded on your assets' records may all delay your next transaction. Use PatenTrack's Clean-and-Neat to remove them all.
Sharp Portflio
The larger and older your portfolio becomes the more assets irrelevant to your company's business it hosts. Use Sharp-Portfolio to quickly locate them, review with your team, and send them for sale.
Patent MarketPlace
It takes only three clicks to send those undesired patents for sale at PatenTrack's Patent MarketPlace. Quit abandoning patents, your trash can literally be someone else's treasure.
Questions about how PatenTrack can fit into your business?
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For existing PatenTrack customers, please open a case.