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How does the patent loan program work?

We provide an insurance policy that will guarantee a lender (typically a bank) using the patents as collateral. The Collateral Protection Insurance product is similar to mortgage insurance, where the bank has protection if there is a default on the loan. The CPI product requires investment-grade patents and a solid business plan.  The patents must…

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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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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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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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Who controls enforcement of my patent?

With our patent enforcement insurance policies YOU control all aspects of how to enforce your patent.  Sometimes you may wish to strongly enforce their patent to prevent a specific competitor from operating in your space.  Other times, you may want to obtain a license agreement from a competitor.  Still other times, you may want to…

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What does patent insurance cost?

Patent insurance comes in two basic forms: patent enforcement and patent defense.  Enforcement is where someone infringes your patent and you need to enforce your rights.  Defense is when someone else accuses you of infringing their patents.  This can be a competitor or a patent troll. Enforcement insurance typically costs about 1-1.5% per year of…

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Why does BlueIron include an arbitration clause in its contracts?

We hope we don’t have any arbitration or any lawsuits, ever. However, our agreements are legal documents, and legal documents are written with lawsuits in mind. As we considered this option, it mainly came down to two things: speed and cost. Litigation is costly and time consuming. After examining arbitration as an option, we decided…

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Can BlueIron take control of the patents?

Just like with a mortgage on your house, BlueIron has no ability to affect what you do with the patents you finance. You have full *control* of the assets, even though the title is held by someone else.

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