Tynax Patent Library--More than 350,000 Patents Available
In our Patent Library you can find hundreds of thousands of quality patents and claims charts, organized into a number of listings and collections. Members are able to check out patents and claims charts, acquire license rights and quickly secure patent protection at a fraction of the usual cost associated with assembling a patent portfolio.
Membership is open to small companies as well as large ones. Listing patents and claims charts is quick and easy.
Patents in the library can be checked out for use in counter-assertion and licensing. The mechanics of how the check-out process works, and other details are available under the terms of a confidentiality agreement. If you're interested in monetizing your patents, and/or acquiring patent protection, get in touch.
Membership--Become a Member and Slash the Cost of Securing Patent Protection
We created the Patent Library to help you convert dormant assets into profit centers, provide you with quality patents when you need them and slash the cost of acquiring patent protection.
Becoming 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-Assertion
We 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 Budget
What 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 350,000 Patents Available in the Patent Library
After acting as a leading patent broker for more than a decade, Tynax recently launched the Patent Library, a collection of more than 350,000 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 Works
Membership 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 Bullies
Competitors 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 Report
After 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.
We 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 Brokering
Once 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.
The annual cost of Membership of the Patent Library is roughly the cost of prosecuting a single US patent. For this you get a custom Patent Strategy Recommendations Report identifying patents from the library that might be most effective against your target competitors. Tynax sends you updates throughout the year, informing you when new patents enter the library that match your interests.Inquire by clicking the "Tell Me More" button below for a quote and proposal customized for your business.
When it comes to placing a "hold" on patents, or checking them out, Tynax acts as a broker, working to help you agree the price and terms with the patent holder. The vast majority of the patents in the library are held by large corporations and research labs. Tynax can help you to structure agreements and broker transactions that provide you with the patents you need at the best price and best terms. For this brokering work, Tynax earns a success fee. The success fee depends on the size and complexity of the transaction.
Tynax earns a success fee upon the closing of a patent acquisition or licensing transaction resulting from the work Tynax undertakes to help you find patents matching your interest and the work Tynax undertakes to broker the transaction. Of course, these fees are agreed up-front when you enter the membership agreement.
About The Tynax Patent Library™--How it WorksWe created the Patent Library™ to help you convert dormant assets into profit centers, provide you with quality patents when you need them and slash the cost of acquiring patent protection.
Convert Dormant Assets into Profit Centers--How You Can Monetize Your Patents Via the Patent Library
There are millions of patents sitting dormant on balance sheets. It's a peculiar business, considering the investment that goes into them, but it's true that the vast majority of patents never actually generate any return on investment. With the Patent Library, all you need to do to start the monetization process is enter a simple agreement with Tynax where you identify patents in your portfolio that you're looking to monetize, provide some basic information, like existing licensees, and convince us that you will be prepared to accept reasonable offers to sell or license your patents. If you have experience of selling and licensing patents, you'll be aware of the prices and terms would be considered reasonable in the current marketplace.
In some cases, we do acquire patents and take ownership via an assignment, but you don't need to assign the patents to the Patent Library, you can just provide them on "consignment". The patents can remain yours, they stay on your books and under your control. The arrangement doesn't have to be exclusive--you can run concurrent licensing campaigns and marketing efforts if you wish. There are no up-front costs for you, no retainer agreements or setup fees. The arrangement is purely contingent. Tynax earns a success fee--a share of the revenues Tynax generates for you.
Confidentiality. Did that cross your mind? We get it. It's a concern. Yes, Tynax has been in the patent brokering business since 2003 and we understand that you might not want the world to know that your patents are available for sale or licensing. We appreciate you might not want your competitors to know anything about your patent monetization activities. Rest assured, we don't publish your patent numbers on our public website, we don't provide evidence-of-use to your competitors and we diligently follow disclosure processes that are defined and approved by you. Typically, this involves getting prospective buyers and licensees to enter confidentiality agreements before disclosing any sensitive information. To be clear, we don't provide buyers with a list of all the patents in the library. We have systems that enable buyers to search and find patents (and evidence of use) without actually finding the patent numbers or seeing the claims charts until the buyer is cleared (by you) and enters into a non-disclosure agreement.
Providing You with Quality Patents When You Need ThemGuess what--you're invited to buy licenses to use patents listed in the Library. We invite you to pay license fees. You can buy a license to ensure that selected patents and collections cannot be asserted against you. OK, that's no big deal. In fact, it's not interesting at all. Allowing companies to pay fees to buy licenses to incorporate patented inventions into their products is not exactly a compelling innovation. What is interesting though is that we enable you to acquire licenses to exclude your competitors using the inventions. Then we provide a mechanism where you can check the patent out, for use in cross-licensing or other forms of negotiation.
Let's say you're a product company and you have a handful of evil competitors who are all out to get you. Let's say your competitors all have thousands of patents. They're armed and dangerous, and you're not. Let's say you have no patents at all, or maybe one, or two. Unless you've spent heavily acquiring your own stockpile containing hundreds or thousands of patents, it doesn't matter how many patents you have because you don't have enough to defend yourself from all your competitors. If you filed a new application every day for the next 12 months, it would take years for you to build a portfolio. The ideal age of a patent for assertion is around 12 years old. The mature, heavily infringed patents are the ones you want when it comes to battle with your enemies, but if it takes you 3 years to get the applications through the prosecution process and 12 years for the patents to mature, you're going to be waiting 15 years before you have a portfolio that has some chance of being useful in a counter-assertion situation. 15 years is a lifetime in the tech sector. It's a lifetime in most business sectors.. and after 15 years and hundreds of millions of dollars in patent prosecution costs, you still have no guarantee that your patents will be suitable for use against all your competitors.
So what do you do? You buy patents from the market. Great idea. Go out and buy a bunch of mature patents reading on your competitors. Actually, this is a good idea, and we can help you with this, but there are at least two issues that arise. Firstly, acquiring these mature, quality patents is not cheap. Secondly, you don't know which competitors are going to come after you, so you don't know which patents you're going to need. You might buy a bunch of patents reading on one competitor, but you find its another competitor that attacks you and your newly purchased patents are useless against this particular company. You're back to square one--a helpless victim when it comes to patent wars.
So how does the Patent Library solve this problem for you? Firstly, we help you identify quality patents reading on your competitors, then we help you buy a license to exclude these competitors. Then, when you come under attack, you check out the patents you need and use them in cross-licensing/counter-assertion. The "license to exclude" is a license, held by you, that excludes your competitors from buying a license to use those particular patents. You figure out that the patents read on your competitor, and you prevent the competitor from being able to nullify the threat by acquiring its own license to use the patented inventions. While you hold the license to exclude, those licensed patents are weapons aimed at your enemies, but you didn't have to pay millions of dollars to buy them, or build them.
The next part is where it becomes so interesting that we can't disclose all the details to you until we have a confidentiality agreement in place. All you need to know at this stage is that you can identify patents in the Library, check them out, use them in your negotiations, then check them back in again. If a question involving the word "standing" just popped into your head, the answer is "yes".
How we Slash the Cost of Acquiring Patent Protection
If you've read up to this point, you already calculated that you can acquire patent protection without having to build or buy patents in the traditional sense. That's a huge saving. You no longer need to build and maintain your own patent portfolio. Cutting the patent prosecution budget to zero is a pretty deep cut. Costs are slashed when you eliminate the fees associated with prosecuting patents and eliminate the cost of acquiring portfolios just in case you might need them in future. When you have access to tens of thousands of patents in the Patent Library, and you have the ability to check them out of the Library when you need them, you have all the protection you need--at a fraction of the cost you would heretofor expect to pay. To help lawyers who might be reading this page feel comfortable, we felt it was important to use the word "heretofor" somewhere in this page. If you're not a lawyer, you can remove the word entirely and still get the idea.
If you have questions, you may find the answers below. Otherwise, feel free to ping us here at Tynax and we'll be happy to talk.
Evidence of Use MaterialsClaims charts are intellectual assets in their own right. If you have such materials, we encourage you to list it with us in the Patent Library with the price you'd like to set for the materials to be licensed or acquired. Like patents, we don't disclose the charts until we have the pre-agreed confidentiality agreements in place with the buyer. We hope you can learn to view the Patent Library as a channel for monetizing your claims charts and getting a return on your investment in research.
Questions Frequently Asked by Clients Looking to Monetize PatentsWhat are the fees?
There are no fees for listing patents and making them available in the library. There are success fees payable to Tynax as the result of patent sale or licensing revenues Tynax generates for you. Other than that, the buyers and licensees pay their own membership fees and success fees.
Do I have to disclose that my patents are listed in the library?
You're welcome to announce that your patents are available through the Patent Library, but you certainly don't have to. It's totally up to you. As mentioned above, members are not provided with free access to roam the library and inspect all the patents. They are provided with a Tynax analyst (like a librarian) who does the searching and matching on the member's behalf. Once the member wants to evaluate the patents and EOU materials, we follow the confidentiality and disclosure rules you set youselves. You control who sees your patents and associated materials.
Can I just sell my patent(s) outright via Tynax?
Yes, we broker outright sales as well as licenses.
How is a price set and agreed when my patents are licensed or checked out?
After more than a decade of brokering patent transactions here at Tynax we've learned there's no one-size-fits-all when it comes to pricing a patent transaction. No two patents are the same. No two patent transactions are the same. Each transaction requires Tynax to broker a deal between the patent holder and the licensee. Both sides need to agree to terms, and Tynax can help make that happen. Rest assured--you have control over the price at which your patents are licensed from the Library and checked out.
Questions Frequently Asked by Clients Looking for Patent ProtectionCan I operate in stealth mode when I select patents to license and target at my competitors?
Yes. Information about patents you've licensed and checked out can be kept confidential.
Do my competitors know that the patents I choose to assert against them come from the Patent Library?
No, not ordinarily. The trail of ownership for all U.S. patents is disclosed in the USPTO assignments database, but it's not always clear who the ultimate owner of a patent might be from the USPTO records as patents are often held by shell companies.
Can I just buy patents from the library outright?
Yes, almost all the patent are available for outright acquisition. The answer generally depends on the price you're prepared to pay.
How much does it cost to have access to the library, license patents and check them out?
The cost depends on the patents, the licensing arrangements and protection you're looking for. Tynax will help negotiate terms with the patent holder that are tailored to your specific needs based on the principle that you won't be paying for rights that you don't need.