ICAP Patent Brokerage () is the intellectual property brokerage division of ICAP and the world's premier patent auction firm. For more information, contact Dean Becker at or (561) 309-0011.
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The full catalog of CNS up for auction will be made available in mid-August. ICAP Patent Brokerage is now actively accepting CNS submissions. "Several exciting Covenants Not to Sue have already been consigned for our September event." "This auction comes on the heels of our $38.5 million dollar sale of the Round Rock Research Covenant Not to Sue," notes Dean Becker, CEO of ICAP Patent Brokerage. With increasing activity in the complex world of intellectual property, the CNS has a unique power to simplify - taking on a key role in corporate IP strategy. A winning bidder for a lot is determined when only one bidder is eligible to bid in a round.Ī Covenant Not to Sue (CNS) is an agreement, drafted by a patent holder that comprises a promise not to sue the counterparty for infringement of some or all of the patent holder's patents.
At the end of each round, a "winner-of-the-round" will be determined and the next round will begin. Sequential Sequence Bidding refers to a bidding method where participating bidders place bids according to predetermined fixed increments during designated rounds. The auction will be held in Los Angeles September 27-29 and will use Sequential Sequence Bidding. It's the first ever Covenant Not to Sue Auction to be held by ICAP Patent Brokerage, the world's premier patent auction firm. Los Angeles will be the site of a unique new kind of intellectual property activity - one with global implications.