LynxStreet Patents Auction for Buyers and Sellers
Questions concerning LynxStreets three unique trading floors? Hoping to become more familiar with the process of an auction site, or what lengths LynxStreet.com goes to ensure that you may do proper due diligence, collaborate or secure the patent of choice? Review the FAQs to understand the principles behind what it takes to change the Earth, one idea at a time.
Do I have to be the owner to sell a patent or patent pending on LynxStreet™?
Can I sell my patent-pending application on LynxStreet?
Why would I want to purchase a Patent Pending Application?
Can I join others to purchase an Intellectual Property on LynxStreet™?
I have an idea. I don’t know how to protect it in the patent process. How can I bring my idea to market?
How secure are my transactions on LynxStreet ™?
How do I know as a seller that I get paid?
How do I as a seller, pay LynxStreet™?
How do I as a buyer do my due diligence before the auction?
How do I know what solutions are needed so that I may concentrate my efforts on solving them?
I am hoping to sell my invention, although it is patent pending. Should I place it on the patent trading floor?
What if I have an invention that does not fall under the given categories?
How much is the cost of membership to LynxStreet?
What if I have more than one patent I would like to have listed?
How do I stay up to date with the latest topics and news regarding being “Green”, and what is being done about it?
What does the ‘Wanted Ad’s mean?
Why should I list an idea that may not even be a patent pending application but just a concept?
What does the ‘reserve price’ mean?
What is the ‘buy now’ price mean?
How do I, as a buyer, do my due diligence before the auction?
As a buyer, are there conditions to bidding on an Intellectual Property?
What additional benefits do buyers and sellers have?
Do I have to be the owner to sell a patent or patent pending on LynxStreet™?
Answer: Yes. You must either be credited as sole inventor, or you must have any co-inventors sign declarations that they agree to put up for auction your Intellectual Property, and it has not been assigned to a third party.
Can I sell my patent-pending application on LynxStreet?
Answer: Yes. As long as you are credited as the sole inventor or you must have any co-inventors sign declarations that they agree to put up for auction your Intellectual Property, and it has not been assigned to a third party.
Why would I want to purchase a Patent Pending Application?
Answer: An inventor or inventors may have spent significant time developing a novel strategy to meet a specific problem. Even though the inventor or inventors have not reached Patent status, by purchasing this patent-pending application could potentially save significant Research and Development dollars.
Can I join others to purchase an Intellectual Property on LynxStreet™?
Answer: Yes. Individuals, groups of individuals, corporations or groups of corporations, governments or groups of governments, or any other combination may come together to jointly bid on an Intellectual Property in our Collaboration Chat Room(C). This is an online meeting room where multiple parties can come together, discuss an intellectual property and agree to jointly bid on it. All discussions are transcribed for the protection of all parties.
I have an idea. I don’t know how to protect it in the patent process. How can I bring my idea to market?
Answer: LynxStreet™ has ‘lynxs’ to a wide range of facilitators, ranging from patent writers, Attorneys, Venture Capitalists, Investment Bankers and other registered buyers who can assist the neophyte inventor bring their product to market.
How secure are my transactions on LynxStreet ™?
Answer: LynxStreet™ is protected by Verisign™, a recognized leader in website security.
How do I know as a seller that I get paid?
Answer: As a matter of due diligence, both parties should be represented by Patent Counsel who will advise you on the proper method of monies transfer. Lynxstreet (TM) can provide PayPal, Major Credit Card and Wire Transfer transactions for a 1% transaction fee.
How do I as a seller, pay LynxStreet™?
Answer: Your agreement, based on selling price, allows LynxStreet™ to deduct it’s commission before forwarding the balance to you.
How do I as a buyer do my due diligence before the auction?
Answer: LynxStreet™ will provide a secure ‘Chat Room’(C) for questions between potential buyers and sellers. The conversations will be monitored anonymously and transcripts archived for both the buyer and sellers benefits
How do I know what solutions are needed so that I may concentrate my efforts on solving them?
Answer: LynxStreet provides a Wanted Ads page as part of our unique trading floor which allows people to post a number of requests including needed solutions, wanted partners or inventors as well as sought after resources.
I am hoping to sell my invention, although it is patent pending. Should I place it on the patent trading floor?
Answer: Not exactly. LynxStreet provides not one, but three unique trading floors, Patents Patent-Pendings and Concepts, each containing the same categories. However, in order to give the buyer a clear and concise opportunity to find what they are looking for, LynxStreet has developed this separation to ensure simplicity.
What if I have an invention that does not fall under the given categories?
Answer: LynxStreet has a posted mission to encourage innovative solutions to combat environmental challenges of both impending as well as realized qualities. The categories are a guideline, and as the evolution of this concern presents new challenges to overcome, so too will we find mans ability to answer them. LynxStreet will continue to update its given categories as the interest and need arise.
How much is the cost of membership to LynxStreet?
Answer: For sellers, each auction posted in a sub-category requires a $49.95 listing fee. If a seller wants access to the entire category and not just their personal listing, for the first category wanted, a $149.00 fee will be required. For each additional category, there is a $99.00 fee required.
To be 'featured' on the homepage, will require a $120.00 per week fee or $399.00 for a month. In the event of a successful auction, the seller agrees to pay Lynxstreet (TM) a five (5%) percent commission.
For buyers with unlimited access to the entire auction site a $999.95 fee is required. Or, if restricted to one category a $149.95 will be required, with each additional category requiring a $99.00 fee. In the event of a successful bid, the amount the buyer has paid in membership will be applied to the transaction price if the buyer so wishes, minus a 1% transaction fee. The buyer would then have to pay the appropriate fees to continue on the auction site.
What if I have more than one patent I would like to have listed?
Answer: Wonderful!! You are amongst some of the brightest trying to tackle a global challenge with more than one idea at a time. Check the Site Fees page on the Auction Homepage to determine the appropriate monthly charges.
How do I stay up to date with the latest topics and news regarding being “Green”, and what is being done about it?
LynxStreet is conscious of making all members aware. That is why we offer a blog page, connected to the forefront thinkers in this genre. Furthermore, on many pages throughout this site, you will find RSS feeds from environmental news agencies posting news stories from around the world. Of course, direct answers may always be found on our Wanted Ads page.
What does the ‘Wanted Ad’s mean?
This is for any entity, individual investors, corporations, governments or combinations of them to seek out of our inventor community ideas that may not be listed.
Why should I list an idea that may not even be a patent pending application but just a concept?
If you as an inventor have a concept that is unique, novel and potentially could lead to a patent-pending application, but don’t know how to bring it to market, LynxStreet™ is the place to place what we would call an ‘elevator pitch’, giving a ‘tease’ for potential investors to connect with you to expand your idea into real potential.
What does the ‘reserve price’ mean?
The reserve price, not revealed to potential buyers, is the minimum price you would accept for your Intellectual Property.
What is the ‘buy now’ price mean?
This is the price you would accept now if there were no auction.
How do I, as a buyer, do my due diligence before the auction?
Answer: LynxStreet™ will provide a secure form of communication for questions between potential Buyers and Sellers. The conversations will be monitored anonymously and transcripts archived for both the buyer and sellers benefits.
As a buyer, are there conditions to bidding on an Intellectual Property?
Answer: Yes. In the event you are the winning bidder and do not in good faith complete the transaction, your membership fees are forfeited to the seller minus a 1% transaction fee. Otherwise it is released to the seller.
What additional benefits do buyers and sellers have?
Answer: Both registered sellers and buyers may post free wanted ads and have access to our copyrighted Collaboration and Due Diligence Chat Rooms, and have a personalized 'Auction Widget(c)' to track progress on their auction.
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