Patent risks are increasing for many companies as a growing number of patent owners assert rights that - reasonably or not - create huge liabilities. The average intellectual property assertion lawsuit costs defendant companies approximately $4 million and, until RPX, there were no scalable solutions to manage patent risk and control costs. Companies either fought - and immediately incurred substantial costs and faced potentially devastating consequences - or paid up.
RPX provides an alternative. RPX was formed to manage and mitigate the growing challenge of ensuring patent clearance. RPX membership gives Chief Legal Officers, General Counsels, and IP Legal Management professionals a way to reduce their company’s costs and risks associated with patent clearance.
We at RPX are building a broad portfolio of patent rights, and in our role as a neutral, third-party owner, we provide a transparent exchange that is fair and flexible, offers immediate, high-value liquidity for patent owners, and dramatically lowers the risk - and cost - of unexpected legal challenges for operating companies.
RPX is transforming how intellectual property is managed. To find out how we can help your company, please contact us.
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