Membership--Become a Member and Slash the Cost of Securing Patent ProtectionBecoming a member of the Tynax Patent Library is like hiring an expert librarian to search through thousands of patents that are available on the market, to help you find the ones that can best serve your interests. On one hand, you can think of it as like adding an expert IP strategist to your team and a huge collection of patents to choose from. On the other hand, you can think of a library membership as a form of insurance as it mitigates your risk of costly patent disputes. However you want to view it, investing in a membership is an efficient and cost-effective method of securing the patent protection you need and reducing your exposure to costly royalties and patent litigation fees. When you invest in a membership, our IP strategists conduct analysis of your patents and your objectives, then we provide you with a custom patent strategy recommendations report, email alerts, research services and outbound patent sourcing services where we hunt down the patents you need to support your IP strategy.
Weapons for Defense & Counter-AssertionWe all know that a patent is an exclusive right. A right to exclude others from practicing the invention without a license. But what does this mean in the real world of business strategy? It means the patent holder has a right to petition the court to block infringing products entering the market and force infringers to pay a reasonable royalty. Accused infringers don't want to pay royalties, or have their products withdrawn from the market so they challenge the validity of the patents asserted against them. They also fire back, asserting patents of their own against their opponent. Perhaps surprisingly, most patents (about 99% of them) are not built to withstand the rigors of a legal challenge, they're ineffective as weapons and prove to be little more than trophies of technical prowess. Counter-assertion has proved an effective defense. A company that is armed with dangerous patents that can be targeted at its competitors is somewhat protected and resistant to attack. When your company comes under attack from a competitor, the weapons you need to fire back in a counter-assertion must be heavily infringed by your opponent. The patents you need are usually more than ten years old, and must have been built to withstand the rigors of litigation. To use a patent against an opponent, you have to be able to show that products being marketed by the competitor are practicing the patented invention in their products. The patent that is effective against one competitor might be totally ineffective against another.
Building Portfolios Through Prosecution Takes (Too Much) Time and BudgetWhat can a company do to secure effective patent protection? The old approach was to build its own patents from scratch. Prosecuting a new patent application takes years, costs money and leads to unreliable results--if the patent does get granted, it will be years before the invention gets adopted in the marketplace and the patent matures into a weapon that can be effectively used against a competitor. In reality, most of the budget spent building patent portfolios is wasted because the vast majority of the resulting patents prove to be ineffective weapons against heavily armed competitors. Seriously, billions of dollars are wasted each year building patents that will never be infringed and will never withstand the rigors of a legal challenge.
More than 300,000 Patents Available in the Patent LibraryAfter acting as a leading patent broker for more than a decade, Tynax recently launched the Patent Library, a collection of more than 300,000 patents that are available for sale or licensing. The Patent Library not only indexes all these 300,000+ patents, but also identifies the patents that are most likely to withstand the challenge of assertion and identifies which companies appear to be infringing each of them. Although Tynax may own some collections, by and large, the patents don't belong to Tynax--they are owned by corporations and organizations who are looking to monetize their patent assets. Tynax has expert patent strategists that search the Patent Library to find patents matching the interests of Members. Then, Tynax helps the members "check out" the patents they need, when they need them.
How Membership WorksMembership works as follows: You enter a simple membership agreement, with confidentiality provision, and you provide Tynax with a list of competitors that you'd like to be protected from. Tynax searches through the library and finds the patents most suitable for use against each of your competitors. You receive a custom confidential report with a list of patents that Tynax experts believe will provide you with the best protection against your target competitors. You evaluate the list, using your patent attorneys and your own experts, and decide which patent rights you'd like to o ahead and acquire.
"Check Out" Patents or Place them on "Hold"If you're already responding to an attack from a competitor, you might want to check the patents out of the library immediately. Otherwise, instead of checking the patents out, you might want to place a "hold" on the patents, so you can check them out if you come under attack and need them in future.
Being "Armed & Dangerous" Deters BulliesCompetitors often act like bullies, bringing patent lawsuits and preying on the weak. They tend to avoid attacking companies that they perceive as "armed and dangerous". Simply becoming a member of the Patent Library can send a signal to your competitors that you have access to a huge library of patents, and you have the weapons to mount an effective counter-attack. When you do come under attack, you can choose to check out the patents that are most dangerous to your opponent, and you can inform the opponent that there are many more patents available to you for defense.
Custom Patent Strategy Recommendations ReportAfter learning about your business and your IP strategy, our analyst prepares a report with recommendations as to how you might reduce costs associated with your patents, generate a return on your patent investment and acquire patent protection. The report will identify the following:
- Patents in the library that we suggest you earmark for purchase or licensing. This includes patents you might want to check out for defense, and licenses you might want to buy to block your competitors.
- Patents you own that are good candidates for monetization through licensing or patent sale. This involves our researches identifying patents in your portfolio that have the best chance of being practiced in the marketplace.
Email AlertsWe update you throughout the year as we find new patents and new assets are listed in the library matching your interests.
Inbound Licensing and Acquisition Transaction BrokeringOnce patents are identified matching your needs, we help you to license the patents, check them out and structure transactions that provide you with effective patent protection. This involves brokering patent licenses and assignment transactions with sellers. These transactions can be quite complex, and Tynax has the experience and the skills to help you complete these transactions successfully.