How OSO-IP Can Help
In situations where inventors are unable to pay their Patent Prosecution Attorneys (“Patent Prosecutors”) for the patent prosecution services required to properly protect their inventions so that licensing can ensue, Oso IP, LLC (“Oso IP”) secures financing to use “continuation” practice to procure patents that will meet the high standards required to maximize value via the inventor’s patent portfolio.
Patent prosecution is expensive, and not all inventors can afford to prosecute their patent application, let alone do so in a manner that sets the stage for maximum returns via licensing. This is especially the case in situations where inventors are building a business around their invention, or have other cost pressures. In these cases, patent prosecution can sometimes fall victim to tough decisions involving budget allocations and/or cuts. In worst case scenarios, inventors sometimes get behind on their patent prosecution bills, leaving both the inventor & their Patent Prosecutor in an uncomfortable situation.
Patent Prosecutors are typically not willing to take on a prosecution case on contingency. It is for this reason that Oso IP has built a business around filling such gap in the market, not just to get a patent and be done, but rather to build a robust patent portfolio that is equipped to serve as a basis for a lucrative licensing campaign that maximizes returns.
When to Refer an Inventor
Patent Prosecutors are typically the first professionals who inventors engage when seeking to protect their inventions. Patent prosecution is expensive, and not all inventors can afford to “go the distance” at the Patent Office.
Direct Benefits for Patent Prosecutors
Oso IP values its network. For Patent Prosecutors who refer inventors, we provide:
Referral Fees
A referral fee is paid directly to the individual referrer for the successful introduction.
Settle Outstanding Inventor Debt
We have historically found that our secured funding can also be useful to the inventor in paying any outstanding prosecution legal fees owed to their Patent Prosecutors.
When this scenario arises, Oso IP can help in certain situations, namely:
Pending Application
The patent family must include a pending application with at least a few years of remaining patent term.
Significant Infringement
The patent portfolio must disclose novel technological advancements that are being used in the market to drive significant revenue.