Provided by: Boston Consulting Group
Date Added: May 2010
Patents were created to promote innovation by granting inventors exclusive rights to their inventions. For the past 200 years or so, the market for trading intellectual property IP: was relatively tame, with understandable rules of engagement among IP owners. But in the twenty-first century, the IP market is becoming both more uncertain and more hazardous, in part because a new breed of owner has burst onto the scene. Non-practicing entities (NPES), which acquire and monetize IF, have helped to raise the risks for companies that actually produce goods and Services.