Re: Re: Buying Patents and Due Diligence

Subject: Re: Re: Re: Buying Patents and Due Diligence

Comments:
: : : Can anyone tell me why it is so difficult to find a patent lawyer to perform due diligence work in validating patents that we will be purchased for exclusive manufacturing of a mechanical device? : : : I have been told by a Los Angeles attorney that the USPTO already allows anyone to get the Ownership and Assignment information for a nominal fee. But what about other contracts made outside of the recordation of the PTO? : : : How can a 3rd party consent clause help the buyer to get the seller to disclose any hidden deals? : : : How does one buy patents and be clear of all 3rd party claims, etc.? : : : Are there any other potential dangers in buying of Patents? : : Dear RSW, : : It is easy to get scammed with patents. I don't know what you mean about. "a patent lawyer doing do diligence", unless you wanted him to do it without paying him. : : Most patents are worthless on their face, if studied. With the scam operators, it is one in 10000 that makes more money than they pay. : : If you are going to buy a patent, you better be very careful that you are getting anything of value. : : M. Arthur Auslander : : Auslander & Thomas-Intellectual Property Law Since 1909 : : 505 Eighth Avenue, New York, NY 10018 : : 212-594-6900, fax 212-244-0028, aus@auslander.com : : ELAINE's Workshop® : : E arly L egal A dvice I s N ot E xpensive™ : : Reality Check® : : Thanks M. Auslander, : We know that the product that is covered by these patens are lucrative. The owners of the patens wants out because of bond holders selling off assets. It seems to be an ideal situation. : Again the question I have, still not answered; : How can you buy patents free of all third party claims? What if the Seller doesn't disclose or know about any related 3rd party consents? : Can he be made liable? : Is indemnification for Real? : : RWS

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