SPIF Standard Launched to Help Reliably Identify Patent Assets in M&A and Other Transactions

“[I]n a transfer scenario, a lot of time can be wasted by legal and paralegal staff working to determine whether a particular serial number is directed to the proper underlying patent asset…. Instead of tracking that information down an entity acquiring patents simply asks the transferor to convert their patent asset data into the SPIF format.”

IPWatchdog reviews the newly formed standard and details reasons why this free-to-use, open-source solution was developed. Read more…