A new system allowing anonymous online bidding for patents across the globe is expected to boost both patent purchases and behind-the-scenes legal work. Chicago-based Ocean Tomo LLC launched the online Patent/Bid-Ask system on April 8.
The system differs from the auctions because it’s a continuous online market and it allows sales of individual patents, instead of the lots sold at auction. Patent/Bid-Ask lets prospective buyers make unsolicited, anonymous bids and allows sellers to post sale offers on more than 33 million patents from about 80 countries and patent-issuing agencies.
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