Buying Patents
PraxisIP Patent Acquisition Programs
Companies acquire patents to strengthen strategic portfolios, support licensing and cross-licensing negotiations, enter new technology areas, improve their position in disputes, and advance broader commercial objectives. PraxisIP helps buyers identify and evaluate patent opportunities that align with their technology, market, and portfolio requirements.
A focused patent acquisition program commonly requires six to twelve months, depending on the buyer’s objectives, available assets, due diligence, negotiations, and closing requirements. PraxisIP manages the commercial process from acquisition strategy and market research through patent-owner outreach, negotiations, and transaction coordination.
Identifying Patents of Interest
PraxisIP uses a focused, client-driven process to identify patents that support specific business, technology, and portfolio objectives:
- PraxisIP works with the client to define the acquisition criteria, including target technologies, relevant industries and products, preferred jurisdictions, desired patent quality, portfolio size, transaction objectives, and available budget.
- Our team searches patent databases, industry sources, and available market opportunities to identify and screen potentially valuable patents and patent portfolios.
- PraxisIP presents qualified acquisition candidates for client review. Based on the client’s feedback, we refine the search criteria, conduct additional screening, and identify further opportunities when necessary.
The result is a targeted list of patent acquisition candidates selected to match the client’s strategic and commercial requirements.
Confirm Patent Owners’ Interest in Selling
PraxisIP confidentially contacts the owners of selected patents to determine whether they are interested in discussing a potential sale. Our team manages the initial outreach, explains the acquisition opportunity, and confirms whether the patent owner is willing to proceed with further discussions.
Perform Due Diligence
For patents offered for sale, PraxisIP coordinates the due diligence process. The client typically engages patent counsel to evaluate ownership, validity, enforceability, and claim scope.
Negotiate and Complete the Purchase
PraxisIP helps the buyer negotiate the purchase price, terms, and conditions. When requested, the buyer’s identity can remain confidential until the final stages of the transaction.
The PraxisIP Advantage
- Our acquisition searches are tailored to each buyer’s technical, commercial, and budget requirements.
- PraxisIP reaches patent owners across domestic and international markets.
- We maintain buyer confidentiality throughout the process until the client approves disclosure.
- We earn compensation only when a transaction is completed.
FAQs
How long does it take to buy patents?
A patent purchasing program usually takes 6 months to a year.
Why should I buy patents?
Buying patents is faster than applying for and obtaining patents. Therefore, buying patents is a good way to augment a company's patent portfolio.
My company wants to buy patents without our name being disclosed. How do we go about this?
Many companies purchasing patents do not want to disclose their name. Therefore, they work through a broker or other third-party to contact patent owners. Depending on the level of confidentiality required, the transaction can be structured so that the seller does not know the buyer's identity until just before the transaction closes, or even until after the transaction closes. We offer services to maintain buyer confidentiality.
How can I assure that my patent buying program succeeds?
First, have clear objectives. What are the business objectives? What are the legal objectives? From this, derive the parameters of the patents you want to buy: number of patents, technical fields, evidence of use required, level of legal due diligence required. Then, set up a clear buying process. The process iterates through patent searching and screening, contacting patent owners and negotiating patent purchases. Finally, make sure you have allocated budget, resources, and time for the program and check with someone who has experience in these projects your objectives and budgets are realistic.