There are several challenges in finding current owner of a patent.
- Various estimates from very well informed sources suggest that as much as 25% of the world’s patent ownership data may be inaccurate.
- The lack of accurate patent ownership data also increases the frequency and cost of patent litigation.
- It is an online repository of data relating to the ownership of patents. An open data solution
- It is accessible to all at no cost
- Participation in ORoPO is voluntary, and open to any company that owns a patent
- Participants simply upload details of patents they control into ORoPO
- Participants can easily update their records – once for all territories – as and when patent ownership changes
- Corporate naming complexities are solved by requiring that all patents are registered under the name of the ultimate holding company that controls them
- The more companies that participate, the more complete the register will become
- If ORoPO becomes widely accepted, there is significant potential for it to assist patent registries in validating entries in their own local registries.
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