IP Zone promotes the advancement of intellectual property

American Express’ Intellectual Property Zone features a marketplace and exchange for companies to buy and sell IP while supporting innovation

It’s clear that intellectual property is more valuable than ever, but as more companies realize this fact, the competition for the best patents heats up. That is part of the reason why American Express created the IP Zone, which is, “designed to promote the advancement of the intellectual property marketplace, including patents, trademarks, software and other IP products.”

According to Tracey Thomas, chief IP strategist at American Express and CEO of IP Zone, “IP Zone was a direct response to our need as a company to identify disruptive patents and technology before competitors, including strategic companies and patent assertion entities (PAEs). We wanted a way to get out in front of activity we are seeing in our space.” Thomas noted that, the sooner companies can learn about a technology, the quicker they can make a move, making an acquisition cheaper than it would be later in the game. 

Senior Editor and Community Manager

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Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

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