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CMS and IPDefine Announce Global Patent Monetisation Initiative
A cutting-edge turnkey solution that makes intellectual property monetisation more accessible than ever before has been developed by international law firm CMS in collaboration with patent AI specialist IPDefine Ltd. Introducing CMS Umbra, a cutting-edge turnkey solution that will revolutionize the way we monetise intellectual property.CMS Umbra enables businesses to efficiently evaluate, optimise and monetise their patent portfolios at an unprecedented level of speed and low cost by combining IPDefine's industry-first AI innovation with CMS's legal and commercial expertise.Unleashing the True Potential of Intellectual PropertyAs a matter of fact, intellectual property should be enforced with the same amount of vigor that it is protected with. If patents are effectively managed, they can become a significant source of income for a company, either through technology exclusivity or through licensing royalties. There is, however, a reality that many intellectual property registrations sit idle and never see a chance to generate income.It is the opinion of Toby Sears, IP Partner at CMS, that patents should actively contribute to the success of a business. In our experience, there are many companies that sit on their patent portfolios without a clear strategy in place for how to manage them. This is why CMS Umbra has been developed, in order to utilize the power of artificial intelligence in this process, allowing businesses to efficiently and efficiently manage their patent portfolios and derive maximum value from them. It is our goal to provide businesses with a transparent view of both their IP portfolio risks and opportunities, so they can make more informed and strategic decisions about it It is our goal to provide businesses with a transparent view of both their IP portfolio risks and opportunities, so they can make more informed and strategic decisions about itImproperly managed intellectual property can pose a number of risks A number of the world's patents have been granted, according to the World Intellectual Property Organization (WIPO), and there are about 16 million patents in existence worldwide. A strategy that focuses exclusively on defence will inevitably miss the opportunity to realize the large profits that patents can generate if the focus is solely on defence. Almost all patents are registered and held for defensive purposes.A CMS IP Partner, Joel Vertes, stresses the importance of recognizing the variety of risks associated with insufficient patent portfolio management, pointing out that: "These risks include reputational damage resulting from counterfeit products, unnecessary management and maintenance costs, decreased profits and a loss of customer security and safety." The CMS Umbra solution we provide is a rapid, data-filtering, and analysis solution that aims to address and overcome the concerns related to cost and complexity."The journey from cost center to profit centerIt is tremendously expensive to register and maintain intellectual property, but it doesn't need to be that way. By shifting the focus from maintenance to monetisation, a company can transform its patent portfolio from a cost center to a profit center.According to IPDefine CEO Aaron Mollin, CMS Umbra is a powerful tool that can give businesses access to accurate patent valuations and crucial strategic insight into the status of their patent portfolios.. The infringement discovery technology developed by IPDefine is the first in the industry and it scours all corners of the internet rapidly to identify infringers, allowing businesses to monitor new targets for licensing and litigation.. With the help of the team at CMS, businesses can work with a specialist to identify and leverage infringement, ensuring their portfolio is maximised in terms of its value With the help of the team at CMS, businesses can work with a specialist to identify and leverage infringement, ensuring their portfolio is maximised in terms of its valueIf you would like to find out more about CMS Umbra, please visit the following links: Patent commercialisation | CMS Umbra | Data Driven DisputesIf you would like more information, please contact the following: It would be great if you could reach Laura Swartz, CommunicationsE: [email protected]T: +44 20 7367 2330The following email address is Aaron Mollin's: aaron@ipdefine.comT: +81-3-5790-9633CMS Umbra - What you need to knowBy combining CMS's legal and commercial expertise with IPDefine's industry-first artificial intelligence, CMS Umbra enables businesses to visualise, optimise and monetise their patent portfolio at an unprecedented level of speed and cost in the patent portfolio management process.Please see the following links for more information: Patent commercialisation | CMS Umbra | Data Driven DisputesCMS is an open source content management system. We are an integrated, multi-jurisdictional group of law firms that offer full-service legal and tax advice and have been in business since 1999.. Having 79 offices in over 40 countries around the world, CMS has long-established expertise both in advising clients both locally and across borders, and has more than 5,000 lawyers on its staff.. With a range of clients ranging from major multinationals and mid-caps to entrepreneurial start-ups, CMS provides the technical rigour, strategic excellence, and long-term partnership that allows each client to stay ahead in the markets that it chooses to operate within With a range of clients ranging from major multinationals and mid-caps to entrepreneurial start-ups, CMS provides the technical rigour, strategic excellence, and long-term partnership that allows each client to stay ahead in the markets that it chooses to operate withinIt is the CMS member firms that provide a wide range of services across a wide range of practice areas and sectors, including Corporate / M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment & Pensions, Intellectual Property, and Real Estate.You can find more information on the CMS website at www.cms.lawHere is some information about IPDefine:Founded in 2020, IPDefine is a Tokyo-based artificial intelligence startup, with offices in New York, that provides global, large-scale patent infringement discovery and patent validity analysis solutions, as well as providing support services to a wide range of clients, ranging from small and large patent holders to financial services firms such as private equity firms and hedge funds.Please visit www.ipdefine.com if you would like more information about this service.IPDefine Ltd., CMS CAMERON MCKENNA NABARRO OLSWANG LLP, and IPDefine Ltd.You can sign up to receive PRN's top stories and curated news every week in your inbox by signing up here.
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