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.’
