SYSTEM OF FRACTIONAL OWNERSHIP OF INTELLECTUAL PROPERTY

• US 20080147541A1
• Filed: 12/06/2007
• Published: 06/19/2008
• Est. Priority Date: 12/06/2006
• Status: Active Grant

• Current Assignee: Marion Darnell Jones
• Original Assignee: Marion Darnell Jones
• Inventors: Jones, Marion Darnell
• Granted Patent: US 7,720,740 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/0228 On-line clearing houses
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system of fractional ownership of intellectual property, allowing individuals or entities to contribute for the benefit of an entity owning intellectual property, and in return, granting these individuals or entities certain rights to the intellectual property. Use of the present invention creates an accurate valuation of the intellectual property, while generating income for the entity owning the intellectual property and granting limited benefits of ownership to the contributors.

Claims

1. A method for managing fractional interests in intellectual property, the method comprising:

establishing a pooling account;

transferring an interest in intellectual property in the pooling account from a first entity having an interest in the intellectual property;

receiving consideration from a second entity;

depositing the consideration in the pooling account; and

associating a fractional interest in the intellectual property with the second entity based upon the consideration received from the second entity and deposited in the pooling account.

2. The method for managing fractional interests in intellectual property according to claim 1, wherein the pooling account is a trust.

3. The method for managing fractional interests in intellectual property according to claim 1, further comprising allocating the received consideration in predetermined percentages to benefit at least the first entity and the second entity.

4. The method for managing fractional interests in intellectual property according to claim 3, further comprising allotting the second entity a credit line, of the amount allocated to the second entity, with which to purchase perks related to the intellectual property and the entity.

5. The method for managing fractional interests in intellectual property according to claim 4, further comprising:

transferring a portion of the first entity'"'"'s outside revenues to the pooling account; and

increasing the credit line of the second entity in accordance with the amount of transferred outside revenues.

6. The method for managing fractional interests in intellectual property according to claim 1, further comprising transferring a portion of the first entity'"'"'s outside revenues to the pooling account.

7. The method for managing fractional interests in intellectual property according to claim 6, further comprising allocating a predetermined portion of the transferred outside revenues to the second entity.

8. The method for managing fractional interests in intellectual property according to claim 6, further comprising allocating predetermined portions of the transferred outside revenues to the second entity and a management team.

9. The method for managing fractional interests in intellectual property according to claim 1, further comprising transferring the intellectual property back to the first entity at the occurrence of a predetermined condition.

10. The method for managing fractional interests in intellectual property according to claim 9, further comprising selling the intellectual property back to the first entity at the occurrence of a predetermined condition.

11. A computer readable medium having computer readable instructions stored thereon for execution by a processor to perform a method for managing fractional interests in intellectual property, the method comprising:

establishing a pooling account;

transferring an interest in intellectual property in the pooling account from a first entity having an interest in the intellectual property;

receiving consideration from a second entity;

depositing the consideration in the pooling account; and

associating a fractional interest in the intellectual property with the second entity based upon the consideration received from the second entity and deposited in the pooling account.

12. A computer readable medium of claim 11, wherein the pooling account is a trust.

13. The computer readable medium of claim 11, the method performed further comprising allocating the received consideration in predetermined percentages to benefit at least the first entity and the second entity.

14. The computer readable medium of claim 13, the method performed further comprising allotting the second entity a credit line, of the amount allocated to the second entity, with which to purchase perks related to the intellectual property and the entity.

15. The computer readable medium of claim 14, the method performed further comprising:

transferring a portion of the first entity'"'"'s outside revenues to the pooling account; and

increasing the credit line of the second entity in accordance with the amount of transferred outside revenues.

16. The computer readable medium of claim 11, the method performed further comprising transferring a portion of the first entity'"'"'s outside revenues to the pooling account.

17. The computer readable medium of claim 16, the method performed further comprising allocating a predetermined portion of the transferred outside revenues to the second entity.

18. The computer readable medium of claim 16, the method performed further comprising allocating predetermined portions of the transferred outside revenues to the second entity and a management team.

19. The computer readable medium of claim 11, the method performed further comprising transferring the intellectual property back to the first entity at the occurrence of a predetermined condition.

20. The computer readable medium of claim 19, the method performed further comprising selling the intellectual property back to the first entity at the occurrence of a predetermined condition.