Seattle – OCTOBER 26, 2021. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with over 4500 patents successfully brokered, announced that they brokered three licenses with various Fortune 500 companies for a patent portfolio originating from Xerox. The identity of the licensees nor financial details of the agreement could be disclosed. The portfolio is highly relevant to multiple different technology areas and it is widely practiced by a number of large operating companies.
“We are particularly pleased to have been able to achieve this result, as it stemmed from a unique situation requiring our team to be creative and think outside the box. In this instance, we were able to pause an active litigation campaign from the current owner in order to negotiate these multiple licenses,” said Louis Carbonneau, Founder and CEO of Tangible IP. “It is gratifying to bring value to both the licensees and licensor outside of the court system, while further validating the pedigree of the portfolio to the market.”
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Tangible IP, LLC specializes in selling high quality unencumbered patents and has now brokered the sale or license of over 4500 patent assets since its inception and has returned tens of millions of dollars back to inventors, shareholders and patent owners.
ABOUT TANGIBLE IP, LLC. Tangible IP offers full service patent brokerage and strategic IP advisory services. For more info, visit www.tangibleip.biz or contact us via email at firstname.lastname@example.org.