Patent ID: 8005748

Claim:
A method of processing a license contract for obtaining a license for intellectual property, the method comprising the steps of: posting, via a computerized exchange platform, the license contract and a non-exclusive license agreement to the data base, the license agreement underlying the license contract and the license contract having a variable contract price that correlates to a royalty rate of the underlying license agreement, wherein the computerized exchange platform comprises at least a computer processor and a database, communicatively coupled to at least said processor, for processing offers to adjust a royalty rate of the license agreement; receiving, via the computerized exchange platform, an offer to buy the license contract; adjusting the royalty rate of the underlying license agreement in accordance with the offer so that the license agreement has an offer correlated royalty rate, wherein a higher offer compared to other offers increases or decreases the royalty rate of the underlying license agreement and a lower offer compared to other offers increases or decreases the royalty rate of the underlying license agreement processing the sale of the license contract at the adjusted royalty rate.