“This is a foundational thing, which is basically knowing what patents are involved in a transaction or some kind of interaction,” argues Shawn Ambwani, the COO of Unified Patents. “Litigation and assertion and anything related to patents are always very complicated. We should all make it as easy as possible for people to see what patents are involved.”

Cipher, Unified Patents, RPX, Aon, and Google Patents will be offering the SPIF patent identification format via their platforms in a move designed to bring more efficiency to patent transactions and portfolio management. SPIF uniquely defines patent assets so that they can be used in patent analytics, M&A, transferring patent information between firms, and buying and selling patents.

Read the article HERE on IAM’s website.