IPRA, Inc. (Intellectual Property Research Associates) operates as a dedicated consultancy with an exclusive focus on the evaluation of patents, trademarks, and copyrights. Their expert opinions hold significance across a spectrum of applications, ranging from transactions to estate taxes and patent infringement damage assessments. Furthermore, the firm extends valuable consulting services aimed at establishing royalty rates, a crucial component for negotiations in license agreements.
A noteworthy facet of IPRA's offerings lies in their publication of comprehensive royalty rate resource books. These reference materials serve as repositories of intricate information concerning royalty rates associated with the transfer of intellectual property. Among these titles are "Royalty Rates for Technology, 4th Edition," "Royalty Rates for Trademarks & Copyrights, 4th Edition," and "Royalty Rates for Pharmaceuticals & Biotechnology, 7th Edition."
The inception of Intellectual Property Research Associates traces back to 1993 when Russell L. Parr, driven by a vision to delve into the valuation of intellectual property, founded the company. This pioneering research culminated in the creation of publications that illuminate the financial aspects of intellectual property transactions, presenting insights into royalty rates established through licensing agreements. In August of 2001, the company formally incorporated as IPRA, Inc., and subsequently expanded its portfolio to encompass consultancy services.