Legal/Attorney - Essex Village, CT, US
Provenance offers a range of transformational patent-related services enabling large and small operating companies to increase their freedom to operate and pursue global expansion. We focus solely on the needs of operating companies. Our services are not available to Non-Practicing Entities.These services include a novel approach that provides exclusive licenses to our clients from a collection of highly-vetted, litigation-grade patents selected from our portfolio of more than 12,000 patents and patent applications. The current collection of litigation-grade patents can be found and readily searched at TrustedPatents™. The number of available patents will grow as our vetting process and new acquisitions continue. Interested potential clients can monitor new additions by creating customized alerts at TrustedPatents. There is no charge to use TrustedPatents or its alert function.The scope of each exclusive license provided by Provenance is limited to only that specific company or those companies chosen by our client (this choice, for example, could be an operating company that has asserted a claim of patent infringement against them). We call each specific company chosen by our client in an exclusive patent license a "slice."This novel licensing approach allows our clients to pay a fixed annual fee for each "slice" they obtain. The result is substantially lower costs to obtain exceptional patent rights. Our clients are able to buy only the rights they need, at the time they need them. Provenance, as the patent owner, will offer to stand alongside its exclusive licensees when required to confer legal standing in court actions that involve our client's freedom to operate.To augment these company-specific exclusive licenses, Provenance will also enable operating company clients to acquire patents. This portfolio assembly service will be particularly helpful to high-potential, early-stage and mid-stage companies, and established companies seeking to expand the markets in which they sell their products. In select circumstances, Provenance will consider equity-based payment for patent acquisitions by companies seeking to strengthen their freedom to operate.Provenance's expansive portfolio was acquired from Nokia, a global leader in creating technology to connect the world. These patents cover inventions in fields such as telecommunication products, security, gaming, semiconductors, components, memory, computing, Bluetooth, software, multi-media, imaging, Wi-Fi, Internet of Things, networked devices, and connected homes and automobiles. Provenance will build on this foundation by acquiring exceptional patents from other leading global companies. This will allow us to continuously expand our solutions that provide our clients Freedom to Prosper™.
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