Why can’t my patent attorney give me good advice?

Your patent attorney is probably a good, well-meaning person who wants to do the right thing, but they have some inherent problems that prevent them from giving you good advice. The conventional patent attorney has two duties to their clients: a fiduciary relationship and an agency relationship. In a fiduciary relationship, the attorney is required…

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What risk is BlueIron taking when financing a patent?

BlueIron is taking several risks when financing a patent. BlueIron is taking the risk that the patent will even issue. BlueIron is making an investment in researching the invention, writing the patent, and getting the patent through the patent office.  If BlueIron fails to get a patent, you can walk away from the deal at…

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When financing my patent, what is a buyout option?

With every BlueIron patent financing program, you always have a buyout option. The buyout option allows you to buyout BlueIron at a predetermined price at any time.  Some people exercise the buyout after three months, some at three years, and some people choose to keep paying. The buyout option is at a predefined price.  You…

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How long does it take to get a patent?

BlueIron can get a US patent as quickly as six months or less in some cases.  However, many times it takes 3 to 5 years. How do we do it? BlueIron’s founder, Russ Krajec, had the opportunity to join a startup company where we needed patent assets as fast as possible.  In that startup, he…

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How does a “lease-back” arrangement work for financing my patents?

The “lease-back” structure is the same as almost all large Fortune 500 companies do with their patents: the patents are in a holding company but the operating company has full control of them. You don’t purchase an office building when you need office space, do you?  No.  You lease space from a landlord.  The landlord…

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Who controls my patents when they are financed?

You have full control of your patents while BlueIron finances them.  However, just like having a landlord for your office space, BlueIron “owns” the patents. There is a difference between control and “ownership.”  BlueIron “owns” the patents, but you control them. Having control of the patents means that you get all the benefits of owning…

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