IPXI Launches Its First Unit License Right Contract Offering
We have been reporting news and developments regarding the Intellectual Property Exchange International, Inc. (IPXI).
Yesterday, the IPXI released details of its first Unit License Right (ULR) contract offering, involving among other assets, a portfolio of Philips organic light-emitting diode (OLED) technology patents. Purchasers of each ULR will be granted “the right to manufacture, use, sell, offer to sell or import five square meters of an OLED display for application in any display screen device.” So after many fits and starts, the IPXI, touted as “the world’s first financial exchange for licensing and trading intellectual property (IP) rights,” appears underway.
How this new financial exchange will affect traditional IP licensing and valuation, IP litigation, and the activity of non-practicing entities will be of continued interest.