What are the characteristics of a strong ULR contract candidate?
• The size of the ULR contract offering exceeds $25 million • There is observable use of the IP and a large number of potential licensees • The IP has at least 5-7 years of remaining life • Usage of the IP can be “unitized” • Usage can be readily monitored • The due diligence process reveals one or more of the following qualities in the IP: • Successful existing licensing history • Successful judicial determination • Successful patent office reexamination
