Chicago, IL (PRWEB) May 04, 2012
The Intellectual Property Exchange International, Inc. and related entities (IPXI) announced today the availability of the IPXI Market Rulebook. Working Edition 1.0 is the first version of the Rulebook authored by the IPXI Rules Committee, comprised of representatives of each of the Founding Members.
In an interview with Joff Wild, editor of Intellectual Asset Management (IAM) magazine, Gerard J. Pannekoek, President and CEO of IPXI shared with IAM the importance of this announcement as it “represents the work of more than a dozen Founding Member companies and universities in developing the essential frame-work by which the Exchange will operate”. Approved for distribution by the Executive Committee of the Exchange, the Rulebook addresses operational processes such as patent quality vetting, market eligibility, consumption reporting as well as the creation of other essential committees like the Selection Committee.
“Approval of the IPXI Market Rulebook allows the Exchange, for example, to move forward with the process of assembling the Selection Committee, which is responsible for over-seeing the process of evaluating proposed patent offerings for listing on the Exchange as Unit License Right™ (ULR) contracts”, Mr. Pannekoek added.
To date, more than one half billion dollars in ULR contracts have been pledged to the Exchange from Founding Member companies.
To request a copy of the IPXI Market Rulebook or for additional information regarding Founding Member, Member or Associate Member eligibility, visit IPXI.com.
IPXI is the world’s first financial exchange focused on Intellectual Property. The mission of IPXI is to meet the price discovery, transaction, and data distribution needs of intellectual property owners, investors, and traders, as well as other market participants by creating the central marketplace for IP assets and trading products.
Through its innovative product offerings, IPXI facilitates investment and risk management in IP-related assets, allows IP owners to unlock the value of their assets, and creates efficient technology transfer markets to improve price discovery for IP-related assets and risks.
IPXI is funded by a group of U.S. and European investors, including CBOE Holdings, Inc. (Nasdaq: CBOE), parent of the Chicago Board Options Exchange (CB0E), the largest U.S. options exchange and creator of listed options, and Royal Philips Electronics (Philips), the world leader in healthcare, lifestyle and lighting.