SpicyIP Tidbit: IPXI releases latest edition of its Rulebook.

The IPXI (Intellectual Property Exchange International) is the world's first financial exchange for licensing and trading intellectual property rights. My previous post on this can be found here.  The IPXI, last week, released the Rulebook that is to govern its first offerings.  This Rulebook is the product of interactions among  the various members of the IPXI which includes many IP owners as well. This Rulebook, which includes the additions recommended by the IPXI Rules Committee,(which is composed of the representatives of the founding members of IPXI) to the first Working Edition of the rulebook, will govern the conduct of all of IPXI members with respect to all their transactions on the floor including issuance, trade, use and enforcement of the Unit License Rights that are offered through the IPXI. The first Working edition of the Rulebook was approved by the Rules Committee in May 2012. These new additions include new chapters which deal with the issuance of the Unit License Rights, the trading and consumption of these ULRs, hearings and sanctions for violation of rules of the IPXI as well as provisions for auditing  and compliance by IPXI members, as reported on the IPXI website. The Rulebook can be freely downloaded from here.