Ocean Tomo has seen an increasing number of engagements involving asserted breach of contract / license by patent owners against their once promising commercialization partner. These matters generally involve a claim that the licensee failed to use reasonable efforts to meet forecasts or other milestones required by contract. As a merchant banking firm expert in […]
The Sedona Conference in Washington DC addressing the US Patent System
U.S. Patent System Promoting Invention, Entrepreneurship, Economic Growth and Job Creation Earlier this month I accepted an invitation to attend The Sedona Conference in Washington DC addressing the US Patent System: Promoting Invention, Entrepreneurship, Economic Growth and Job Creation. Co-chaired by Chief Judge Paul R. Michel (CAFC, ret.) and Robert Sterne (Sterne, Kessler, Goldstein & […]
Semi-Autonomous Motorcar Serves Drivers with Severely Limited Mobility
Semi-Autonomous Motorcar Serves Drivers with Severely Limited Mobility Attending the WIRED Cafe at CES, I was delighted to see IndyCar icon Sam Schmidt in attendance. Sam has been a friend since the late 1990’s when I was fortunate enough to race a support series car with the Treadway Indy Racing League Team. Sam was Treadway’s […]
Ten Million Patents
The “Ten Million Patents” ceremony was a big deal – Secretary of Commerce Wilbur L. Ross and Under Secretary and Director of the USPTO Andrei Iancu took the inventor of to the White House for the President to sign the patent. The reception included remarks from Senator Chris Coons (Delaware) emphasizing yesterday’s resolution on the […]
Lessons From the Largest Patent Damages Award In History
I confess to being a news junkie. My first hour of each day repeats CNN New Day with Chris and Alisyn followed by CBS This Morning with Charlie, Gayle and Norah concluding with industry news through IP Law 360. My attention is always to anything tech, IP or Ocean Tomo. Yesterday was a strong day […]
USPTO Announces 2015 Winners of its Patents for Humanity Program
Collaboration plays a crucial role in overcoming many complex issues worldwide. It is this shared desire for problem solving that pushes countless innovators to improve their inventions. Programs such as Patents for Humanity are dedicated to those who inspire to better the world with their technology. Recognizing that failure is a necessary, albeit expensive, part […]
IPXI Ceases Operations
IPXI announced yesterday that it was ceasing operations. As the original inspiration for the platform, Ocean Tomo is of course disappointed to see this current effort come to an end. The activities of IPXI were broadly recognized as positively contributing toward global IP market development. Ocean Tomo will continue to encourage similar efforts underway, both […]
New Legal Rules May Benefit Patent Market
The “marketplace” for intellectual property, and patents in particular, is represented in commercial licensing and sale transactions as well as by an award of reasonable royalties in the courts. Since the passing of the American Invents Act (AIA), there has been significant change in both segments as patent owners and counterparties seek to digest changing […]