The pair have launched a partnership to help businesses generate more revenue from investment and IP assets. They say intangible intellectual assets can create value for companies in a way that traditional tangible assets often cannot, and many businesses may be sitting on revenue opportunities that they have not fully exploited.
Polsinelli
IP department chair Patrick C Woolley said: ‘IP represents a strong investment
vehicle during times of economic instability.
‘IP
should be considered a “real” asset with many advantages compared to
traditional real assets. Our goal is to enable companies to protect and develop
new assets while establishing a new way of leveraging valuable IP assets for
years to come.’
Polsinelli
provides the patent experience in the partnership while UnitedLex provides the
technology. This combination allows them to ‘reimagine the process’ around IP
investment and management, from the development of new IP and the monetisation
of existing IP to the assertion and enforcement of rights through litigation
and alternative dispute resolution.
Joe
Dearing, EVP, global IP solutions, UnitedLex, said: ‘Businesses can benefit
hugely from optimising their current portfolios by investing in digital
solutions and collaborating with technology experts in a variety of domains.
‘Providing
a solution that translates to better organisation and monetisation of IP assets
is a significant value-add during an uncertain economic time and well beyond
it.’
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