To list your intellectual property, simply click on the “Sell” link found on the header navigational bar. The listing process is developed in such a way that you are guided through every step seamlessly.

• Main Category selection

• The first part of the process is to choose the category you wish to list your item in, this can be revised at any time by using the “Previous Step” navigation button. If appropriate, select a subcategory that more clearly defines the genre you want to post your IP in. Additionally, if you feel that the patent will be well received in an additional category, continue with another selection.

• Item Details

• Step two enables you to enter your item title and description, a full viewing editor is in place to enable you to use HTML descriptions. You must first post the Patent Number bestowed by the overseeing government agency, such as the USPTO.

• Settings
• This is the biggest stage of the listing process. On this step you can set the following:-

• AUCTION TYPE

• Standard Auction

• This is a single quantity auction

• CURRENCY

• You can select your preferred auction currency using the drop down menu available. The standard currency will be the U.S. Dollar unless otherwise stated.

• AUCTION STARTS AT

• This requires you to enter the minimum bid you are willing to accept, you can also set a reserve price to ensure you do not sell the item for this amount. Please see below for more information on this.

• RESERVE PRICE

• Enabling a reserve price affectively means you will not sell the item for less than the amount set. For example you can set the start price at $50,000 but only accept winning bids over $50,000, should a bid be placed for $49,999, the item will close without a winner.

• BUY OUT

• Buy out allows you to set an amount you are willing to sell the item for – straight out. For example, you can set the start price to $10,000 but offer interested parties the option to buy the item immediately for $90,000.

• You can also list buy out only auctions, these auctions remove all bidding options meaning the listing can only be purchased for a set amount. To set a buy out only auction you need to set the buy out value to be exactly equal with the start bid.

• ITEM FEATURING

• The following options are available to you (fees may apply). These will highlight your item on site to ensure they reach more visitors:-

• Home page featured

• Category featured

• Bold text

• Highlighted background

• SET START / END TIMES

• You can either opt to list your item right away and set a defined number of days for it to be live for or you also have the option to define your own custom start/end time.

• PRIVATE AUCTION

• This is an exclusive LynxStreet feature that will allow you, for an additional fee, to hold a private auction in a chat room setting, which mimics the feel of a real live auction. The bidders will be specifically chosen based on genre, and vetted for financial eligibility.

• IMAGE UPLOAD

• To accompany your item you can either upload images from your local computer or enter the URL of an image(s) hosted elsewhere

• MEDIA UPLOAD

• In addition to images, you can also upload media files, please note only .avi/.mpeg/.mov are supported.

• AUTO RE-LIST

• For convenience, your uploaded content will remain posted, subject to the recurring monthly fee, until you have chosen to end the auction and remove the item from the listing, if, in the event it fails to sell.
  

• PAYMENT AND SHIPPING

• Set your payment preferences, including any specific shipping directions or requirements.

• LISTING PREVIEW

• Proceeding on, you can then review the listing and make changes if required. Please note, you can still edit your listing once live via the Members Area.

• LISTING CONFIRMATION
• The final step provides you with listing confirmation.

The auction watch feature notifies you of newly listed auctions which contain keywords you have chosen. For example, if you are looking for a patent in the field of Waste Reduction, specifically Landfill Disposal, you could enter in those keywords from within your members area. Each time a new auction is listed containing those keywords, you will be notified via email.

The item watch feature lets you keep a close eye on any auction without having to place a bid on it. This feature means you can be kept up to date on how an auction is doing and prepares you to place a winning last minute bid. You can watch any auction by clicking on the “Watch this item” link on any auction page.

If the option is available, you can use “Buy Out” to purchase the item immediately without having to place a bid. Some sellers offer such an option which can be used at any time until a bid has been placed over any applicable reserve price.

The “Buy Out” option will appear on the item details page. You will be asked to confirm your intention to buy out the item before the sale is concluded. Buy Out’s cannot be retracted.

To create your account, choose the “Register” link on the header navigational bar or use any of the links available on the home page. When registering, you will be asked to complete a short form which includes standard information such as your contact details, preferred login credentials etc. and available payment method.

Once registered you will receive E-Mail confirmation. Should you encounter any registration difficulties please contact us.

Placing a bid on an item you are interested in couldn’t be easier. When viewing the item details page, you will have two areas from where you can place your bid; one next to the item details and a second at the bottom of the page.

To place your bid, simply enter the amount you wish to pay, e.g. 5,000.00. Please note, no currency symbols are required. The bid will be placed in the auction currency.

Once done, you will be asked to review your bid and you will also be able to view vital item details such as the shipping and payment conditions before confirming your bid. To submit your bid, simply press the “Place Bid” button.

If your bid is high enough to take the lead in the auction, a confirmation message will be displayed to you. However, if your bid has not taken the lead, be it due to a higher proxy bid or not meeting the reserve price, you will be invited to make a further bid.

Should you decide to retract your bid, this can be done via the “Current Bids” section of the Member’s Area.