The Congress shall have the power to promote the progress of science and useful arts by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries.
--The United States Constitution (Article 1, Section 8)
Under U.S. law, an inventor has the right to exclude others from making, selling or using his/her patented invention. Unfortunately, infringers are generally unwilling to pay royalties for their unauthorized use of third party patents and fight any allegations of infringement. Inventors and small patent holders without any financial resources to bring legal action lack credibility in dealing with unwilling licensees and are often blatantly ignored.
We have a proven track record of success with over 920 licenses, including a number of multi-million dollar settlements from some of the world’s largest corporations, and have a team of experienced professional staff, including in-house patent attorneys, licensing executives and engineers. With approximately $90 million in cash and additional funds in Acacia Intellectual Property Fund, L.P., we are able to bring and sustain legal actions against infringers, if and when necessary.
As businesses evolve, patents once believed to be core to a company’s business may later become non-essential or unrelated. Further, significant portions of existing company patent portfolios may languish, generating no revenue while incurring maintenance expenses. Such patents may be turned into revenue if assigned or licensed to us.