Intellectual Property (Trade Mark, Patent, Copyright, etc.) trading is thought to be transacted through a demand and supply model.
During these processes, WTOIP provides services as such below:
To verify the IP commodities for validity, which includes:
1) legal procedures of the application
2) legitimate grant from the official departments
3) Clearly defined rights to the commodities
4) Period of validity
5) Maintenance fee on schedule
6) Before the deal is done, each verification would be proceeded one more time to ensure the greatest interest of both sides
Handling official procedures for transaction on behalf of the clients, including collections of any supporting documents for the transaction.
Providing third-party escrow services:
1) Payment collection
2) Down payment delivering
Providing management and monitoring services for the transaction and its security:
1) Examine contracts for both sides, ensuring their legitimate rights and duties to carry for the transactions.
2) Precisely and tightly follow up the official process, ensuring that the feedbacks and official notice would be given to the clients immediately.
IP Brokerage Services:
One-on-one services of commodities recommendation, matching, negotiation, and coupling.
Q & A
Q: What is Intellectual Property?
A: Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as artistic works, discoveries and inventions, etc. Common types of intellectual property rights include copyright, trademark and patent.
Q: What is IP trading?
A: IP trading is to transfer the ownership of Intellectual Property Rights (IPRs), such as patent, trademark and copyright, etc. from one person or entity to another by getting IPRs in exchange from the buyer through negotiations.
Q: In what ways can intellectual property be traded?
A: Intellectual property can be traded by Bidding Transfer, Transfer Agreement or other ways in line with national laws and regulations
Q: What are Bidding Transfer and Transfer Agreement?
A: Bidding Transfer is a process of buying and selling IPRs by offering transferees up for bid, taking bids, and then selling IPRs to the highest bidder. It is used by various economic niche for determining the demand and hence the value of IPRs. Bidding performs in various ways. In China, some domestic IP trading organizations have gradually worked out a set of effective competitive bidding models in the process of sales of business, including ‘Evaluation Model’, ‘Once for all Bidding’, ‘Time-limited Bidding’, ‘Time-unlimited Bidding’ and ‘Online Bidding’. These models not only adapt to the characteristics and requirements of IP transactions, but also give full scope to the dynamics of market’s price discovery for determining the ultimate transferee. Transfer Agreement is a contract reached between two parties in IP transaction in which the parties agree to the terms that will govern future transactions.
Q: How to precede patent technology transfer?
A: Once your patent is registered with the State Intellectual Property Office, your patent invention will be recognized by the State and obtain protection as registered patent in the country of registration. However, obviously there will still be a long way to go from patent technology transfer to patent industrialization. It has turned out that patent may eventually become invalid or cannot be successfully transferred when information is published in unappropriated way.
Q: How many ways to profit from your patent transfer?
A: There are several common ways to profit from your patent transfer:
I) Patent Technology Transaction To uncover the presentation opportunity to maximize your patent information announcement and reach to the public, including patent type, invention content, technical product features and your personal contact information, etc. by participating in the patent exhibitions organized by national authorities, for example, the exhibitions held in Beijing National Patent Technology Exhibition Trade Center so as to maximize the visibility of patent technologies to attract the attentions from technology vendors and investors.
II) Patent Cooperation Patent technology is an important part of technology assets. It can be used as a financial asset for your business incorporation and the share capital injection and increment.
III) Self-Transfer By setting up your own company or plant to commercialize and industrialize your patent. This self-transfer requires that Patentees have sufficient economic strength to carry out the transfer on their own, and have extensive experiences in business management and marketing.