What is a “Lot”?
The “Lot” each asset offered by itself or any groupings of assets that are aggregated for a single sale at the Auction.
What is an “Ask”?
An “Ask” means the amount, established by Ocean Tomo, at which the lot will be sold, if met.
Is the “Ask” the same as the Reserve Price?
The Ask and the Reserve price may not be the same amount.
Does Ocean Tomo recommend the Ask or Reserve for patents listed on www.OceanTomoBidAsk.com?
Ocean Tomo does not as a matter of course suggest recommended Ask or Reserve amounts. Patent owners are encouraged to review listings for similar patents to understand recent market activity. As a general principle, the Ask should represent the seller’s view of a fair but full market price for the lot. The reserve should reflect the minimum amount the seller would accept for sale of the lot.
What is a “Bid”?
The “Bid” is an offer by the Bidder to purchase a Lot at a specified price.==
How do I register to bid?
Email Bid-Ask@oceantomo.com to request the Bidders Registration Agreement.
How do I access secure data room?
Email Bid-Ask@oceantomo.com to request an NDA/SDA.
Is there a minimum bid?
Is there a minimum bid advance increment?
Yes, the bid advances in $30,000/¥199206.00 or more increments.