Terms and Conditions
Patent Offer Submission
Legal Notice-IP3 2022 Terms and Conditions
Please Read These Terms Carefully Before Proceeding.
By making a patent offer submission through this form (the “Submission”), you and your
affiliates (“You,” “Your”) would like IP3 2022, Series 922 of Allied Security Trust I (“AST,” “We,”
“Us,” or “Our”) to evaluate the Submission for a potential patent transaction with You. In exchange
for Our evaluation of the Submission, You agree to the terms and conditions herein.
You represent that You are the sole owner of any patents identified in the Submission, or
otherwise are properly authorized by the owner(s) of such patents to make the Submission. You
acknowledge that, at a minimum, damages for the breach of this paragraph include the amount of
any payment made with respect to the alleged purchase of patents that are the subject of Your
Submission as well as any legal fees, costs, or expenses expended by Us in establishing the
breach by You of this paragraph.
We agree to take reasonable steps to keep Your Submission and Submission-related Materials
confidential, provided that We may disclose Your Submission and Submission-related Materials to
those companies that participate in acquiring patents through IP3 (each a “Participator”) as well as
any parties We engage to help evaluate such submissions. You acknowledge, however, that should
We purchase any patent assets from You, We will record any such purchases, including with relevant
Patent Offices, in Our normal course of business. The confidential information may only be used
for the purpose of evaluating Your Submission for a potential patent transaction with You and may
not be used to support a declaratory or other legal relief action related to the sharing of that
confidential information.
The Submission-related Materials and any related discussions shall not constitute notice or
knowledge of any patent or claim of patent infringement to Us or any Participator. You agree that You
will not use, and waive the right to use, the Submission or any Submission-related Materials as
evidence in any judicial, administrative, or other proceeding to establish or to refer to any such notice
or knowledge, including without limitation in connection with establishing any claim of willful
infringement, of indirect infringement, or for damages in connection with any claim of patent
infringement. You agree that any transfer by You of patent assets that are part of the Submission
(“Submitted Patents”) will be subject to the provisions of this paragraph with respect to all
subsequent owners or exclusive licensees.
You agree to take reasonable precautions to maintain active the Submitted Patents that are
active at the time of Your Submission, and to pay the maintenance fees, annuities, and the like of
the Submitted Patents for which the window period opened before You make Your Submission, or
during the period of time from when You make Your Submission until the Effective Date of an
executed Patent Assignment Agreement.
You agree to contact Us if any Submitted Patents are sold, transferred or encumbered during the period
of time from when You make Your Submission until September 6, 2022 ("Non-exclusive Review Period").
You agree that You will not sell, transfer, or otherwise encumber any Submitted Patents during
the period of time from September 7, 2022 until September 23, 2022 (“the Exclusivity Period”). If during
the Exclusivity Period, We contact You with a tentative notice to move forward with a transaction
(“Tentative Notice”), You will similarly not sell, transfer, or otherwise encumber any Submitted
Patents after September 23, 2022, while working to complete the transaction. This agreement with
You terminates at the end of the Exclusivity Period if You are not provided a Tentative Notice by
September 23, 2022. Upon Termination, the provisions of Paragraph Nos. 3 and 4 above shall survive
this agreement through the expiration of any Submitted Patents.
If during the Exclusivity Period, We contact You with the intent to purchase Your Submitted
Patents for the dollar amount You indicate on the Submission page, You agree that You will sell Us
the Submitted Patents under the form Patent Assignment Agreement, available for reference and
download at ast.com/ip3, for that amount with
no additional consideration beyond such amount
required by Us. You acknowledge that there will be no negotiation on price, such that if We intend to
acquire the Submitted Patents, the price will be the amount You indicated on the Submission page
with no subsequent negotiation. Such purchase contemplates the full and complete transfer of all
right, title, and interest in and to the Submitted Patents by You to Us. You represent that You can sell
Us the Submitted Patents under the terms of the Patent Assignment Agreement and that You will be
bound to such terms. You agree to provide Us with banking information as well as necessary tax
forms (e.g., IRS Form W-9 or IRS Form W-8BEN-E, as appropriate) within ten calendar days of being
notified by Us of Our intent to purchase.
You acknowledge and agree that each Submission will constitute one or multiple complete
patent families and must include all worldwide members of the family. Each patent family must
have at least one active granted patent in the US, China, Europe, France, Germany, Japan,
Taiwan, the Republic of Korea or the United Kingdom. The fixed price offer is for the patent(s)
listed in Your Submission and its/their entire patent family which includes all patent applications
(including pending, expired, and abandoned patent applications) and all granted patents (including
active, lapsed, withdrawn, and expired patents) related directly or indirectly to a priority filing
(INPADOC extended patent family - EPO definition) and includes priorities, continuations,
continuations in part, divisionals and foreign counterparts. You may make multiple Submissions,
but each Submission will only contain related patents. If You submit any patents subject to a
terminal disclaimer or have patents terminally disclaimed from it, You acknowledge that any such
Submitted Patents include any and all such patents linked by a terminal disclaimer including
terminally disclaimed patents and must, if We elect to purchase the Submitted Patents, be
included, for no additional amount, in the purchase price.
You acknowledge that We are not obligated to enter into any business transaction as a result
of the Submission and You do not acquire any intellectual property rights under this agreement.
This agreement does not create any agency or partnership relationship. This agreement is not
assignable or transferable by either party without the prior written consent of the other party. This
agreement is the parties’ entire agreement related to the Submission-related Materials,
superseding any prior or contemporaneous agreements. Any amendments must be in writing
signed by both parties. Failure to enforce any provision of this agreement will not constitute a
waiver. This agreement is governed by the laws of the State of Delaware, excluding its conflict-of-
laws principles.
If We do not purchase Your Submitted Patents, then We will invite You to provide the list of
the Submitted Patents and all Submission-related Materials to AST on a non-exclusive basis for
evaluation of interest in an acquisition by AST or another Series of AST, pursuant to AST’s
standard acquisition procedures. Any subsequent acquisition by AST or another Series of AST
would be pursuant to a subsequently negotiated agreement with AST or another Series of AST.
Definitions. “Submission-related Materials” shall mean (i) the Submission, (ii) any preceding or
subsequent submissions, correspondence, negotiations or discussion between You and Us related
to the Submission prior to Termination, and (iii) Our independent review of information related to
the Submission.
Contact Information
Deal Information
Provide a brief summary or description for your offering :
Patent Information
Please enter at least one main patent
List all provisional and non-provisional, U.S. and non-U.S., assets for this offering including all
family members* - Pending, Published, Issued, Expired, and/or Lapsed worldwide assets.
If any of the patents are subject to a terminal disclaimer or have patents terminally disclaimed
from it, include any and all patents linked by a terminal disclaimer including terminally disclaimed
patents. Please provide as much information as possible for the best consideration of your asset(s).
Several fields are mandatory.
* AST’s definition of a family member is the INPADOC extended patent family (EPO definition ). For additional information, please refer to the IP3’s Terms and Conditions.
Please enter at least one family member for the above highlighted rows
Documents
Please submit any supporting documents that will help us better understand your offering and why we should consider acquiring it: offering memorandums, executive summaries, patent family tree, technical analysis, claim charts, white papers, presentations, marketing materials, encumbrances or licenses.
Max file size 100MB.