Your payday is our payday
Typically, our clients have already invested considerable financial resources in researching and developing their inventions and converting them into registered international patents. Taking that into inconsideration, we recognize that incurring additional expenses in order to possibly sell a patent on the global market is not a preferred course of action.
The associates of IPTrade are sensitive to this issue and have built its business model accordingly. Our faith in our ability to deliver positive results on behalf of our clients is the driving force behind our success-based fee model; contingency fees allow IPTrade and our clients to be focused on a shared business goal. Moreover, the contingency representation model also allows us to provide quality representation to clients who lack the resources to pay hourly fees.
Upon investigating the merits of a potential patent portfolio and entering into an agreement with a client, we then require the right to exclusively represent that client for an agreed upon period of time. During that period, we set the wheels of patent commercialization in motion on the client’s behalf and incur all necessary expenses on the road to presenting the client with the most attractive offer possible. Once the terms of a deal are in place with a prospective buyer, our client retains full veto rights.
IPTrade receives compensation for its services – a percentage of the sale, agreed upon prior to commencement of the project – and only once the sale is finalized and full payment is rendered to the client.