MioTek’s IP monetization practice typically comprises two distinct phases: (1) the mining phase and (2) the monetizing phase. Mining Phase The first phase, often conducted on a fixed-fee basis, involves reviewing the client’s patent portfolio and “mining” for those patents that can be sold or other monetized. The goal of this mining phase is to identify high-value patents of which the client might not be aware (i.e., to identify diamonds in the rough). During the mining phase, MioTek works very closely with the client’s engineering, sales, and marketing personnel to assess the potential marketability of patent assets. In addition, MioTek…

In these harsh economic times, companies are looking to generate revenue from any source possible. Intellectual property ("IP"), and patents in particular, remain largely untapped as a potential source of revenue because few IP lawyers, and even fewer business people and non-IP lawyers, are even aware that vehicles to generate revenue directly from patents (i.e., patent monetization) exist in today’s marketplace. MioTek is a pioneer in offering these new, cutting edge services that enable companies to generate revenue from assets that would otherwise lie dormant, and in the process, make these companies competitive in the emerging global IP marketplace. MioTek…