Subject to a tailored agreement, OpportunIP may acquire rights to the IP through an
outright purchase or license and subsequently sell or sub-license the acquired interest to a counter-party. Each company that licenses, sells or otherwise contributes IP rights to the Exchange also contributes the associated know-how, or trade secret component of the patents. In each case, a company or individual seeking to participate in an OpportunIP transaction needs to carefully do their own due diligence to ensure that the transaction satisfies their needs and level of risk tolerance.
Technology developers and users, in many instances, are motivated to share and co-develop innovation. In one application of the OpportunIP offering, open innovation in the Exchange functions as a permission to a free exchange of ideas among a prescribed set of innovators. IP owners and counter-parties collaborate in a defined innovation space. Each innovator should be inspired to contribute ideas as such collaboration should be the source of generating revenue via licensing.
Depending on the model, the Exchange offers IP Owners some or all of the following benefits