Privacy Policy

Patent Monetize > Privacy Policy

The creator of this Privacy Policy ensures a steady commitment to your privacy with regard to the protection of your invaluable information that you may share across this Website. This Privacy Policy contains information about the Website. All definitions and interpretations are pari passu with the Terms of Use, as uploaded on the Platform. Patmon Marketplace Private Limited owns and operates the Platform for the monetization of patents, trademarks, and other intellectual property. We are committed to delivering innovative solutions for patent owners, inventors, and applicants alike. Our platform serves as the essential bridge between patent sellers and buyers, providing a secure and efficient marketplace for patent transactions within India, the United States, and European countries. Headquartered in India, with a branch in the United States, we specialize in patent and trademark monetization solutions worldwide. Our expertise lies in empowering businesses and patent owners to unlock the true value of their intellectual property assets by seamlessly navigating IP-related initiatives. Our comprehensive range of solutions includes strategic patent monetization – buying, selling, and licensing of patents and patent portfolios; capital raising for new inventions; acquisition of patents by our holding company; and joint commercialization of patents suited to the Indian market. We prioritize transparency, security, and efficiency in all our interactions. We’re here to help you make the most of your intellectual property assets, whether you’re a patent owner looking to monetize your inventions or a potential buyer seeking valuable IP opportunities.

Index:

  • Personal Information
  • Information We Collect
  • Our Use Of Your Information
  • How Information Is Collected
  • External Links on The Platform
  • Cookies
  • Your Rights
  • Compliances
  • Confidentiality
  • Other Information Collectors
  • Our Disclosure of Your Information
  • Accessing, Reviewing and Changing Your Profile
  • Security
  • Severability
  • Amendment
  • Consent Withdrawal, Data Download & Data Removal Requests
  • Contact Us

This Privacy Policy shall be in compliance with the General Data Protection Regulation (GDPR), in effect from May 25, 2018, and the Digital Personal Data Protection Act, 2023 (DPDPA), and any provisions that read to the contrary shall be deemed void and unenforceable. If you do not agree with the terms and conditions of our Privacy Policy, including in relation to the manner of collection or use of your information, please refrain from using or accessing the Site. If you have any questions or concerns regarding this Privacy Policy, you should contact our Client Support Desk at support@patentmonetize.com.

ANY CAPITALIZED WORDS USED HENCEFORTH SHALL HAVE THE MEANING ACCORDED TO THEM UNDER THIS AGREEMENT. FURTHER, ALL HEADINGS USED HEREIN ARE ONLY FOR THE PURPOSE OF ARRANGING THE VARIOUS PROVISIONS OF THE AGREEMENT. NEITHER THE USER NOR THE CREATORS OF THIS PRIVACY POLICY MAY USE THE HEADINGS TO INTERPRET THE PROVISIONS CONTAINED WITHIN IT.

INFORMATION WE COLLECT

We are committed to respecting your online privacy. We further recognize your need for appropriate protection and management of any personal information (hereinafter referred to as “Personal Information”) you share with us. We may collect the following information:

  • Personal Information: Such as your first and last name, phone number, email address, company name, and password when you create an account to log in to our Website (“Account”).
  • Support Service Information: When you use our support service or access our Website, we will collect all information necessary to complete the transaction you have requested or authorized, depending on the nature of the solution you are accessing. Such information may include your name, email address, and bank account information.
  • Permission-Based Information: Information collected through permissions granted to the Website, such as location access, storage permissions, and contact details.
  • Tracking Information: Such as, but not limited to, the IP address and Device ID of your device when connected to the Internet. This may include the URL you came from and the URL you next visit (whether on the Website or not), your browser information, and other data associated with your interaction with the Website.
  • Usage Details: Details of Website usage for analytics.

This Privacy Policy also applies to data we collect from Users who are not registered members of this Website, including, but not limited to, browsing behavior. We also collect and store personal information provided by you from time to time on the Website. We only collect and use such information from you that we consider necessary for achieving a seamless, efficient, and safe experience, customized to your needs, including:

  1. To enable the provision of the solution opted for by you;
  2. To communicate necessary account- and solution-related information from time to time;
  3. To allow you to receive quality client care and data collection services; and
  4. To comply with applicable laws, rules, and regulations.

Where any solution requested by you involves a third party, such information as is reasonably necessary for the Company to carry out your solution request may be shared with that third party. We also use your contact information to send you offers based on your interests and prior activity, and to surface content preferred by you. The Company may also use contact information internally to direct its efforts toward solution improvement, but shall immediately delete such information upon withdrawal of your consent via the ‘unsubscribe’ button or by emailing support@patentmonetize.com. To the extent possible, we provide you with the option of not divulging any specific information you wish us not to collect, store, or use. You may also choose not to use a particular solution or feature on the Website and opt out of any non-essential communications. Transacting over the internet carries inherent risks, which you can only mitigate by following good security practices yourself – such as not revealing account or login information to anyone else, and informing our Client Support team of any suspicious activity or suspected compromise of your account.

OUR USE OF YOUR INFORMATION

The information you provide shall be used to provide and improve the platform for you and all Users:

  • To verify and maintain your account.
  • To process support solutions and transactions.
  • For maintaining internal records.
  • To enhance the platform provided by the Company.
  • For maintaining records under legal and statutory provisions.

For more details about the nature of such communications, please refer to our Terms and Conditions. Further, your data and Sensitive Personal Data may be collected and stored by us for internal records. We use your tracking information, such as IP addresses and/or Device ID, to help identify you, gather broad demographic information, and make further solutions available to you. We will not sell, license, or trade your personal information. We will not share your personal information with others unless they act under our instructions or we are required to do so under applicable law. Information collected via our server logs, including Users’ IP addresses and pages visited, is used to manage the web system and troubleshoot problems. We also use third-party analytics, tracking, optimization, and targeting tools to understand how Users engage with our Website, so we can improve it and deliver personalized content and ads.

HOW INFORMATION IS COLLECTED

Before or at the time of collecting personal information, we will identify the purposes for which it is being collected. If this is not made clear to you, you have the right to request the Company to explain the purpose of collection, and you shall not be required to disclose any information pending that explanation. We will collect and use your personal information solely to fulfil the purposes specified by us, within the scope of your consent or as required by applicable law. We will retain personal information only as long as necessary to fulfil those purposes. We will collect personal information by lawful and fair means, with your knowledge and consent. Personal data should be relevant to the purposes for which it is used and, to the extent necessary, should be accurate, complete, and up to date.

EXTERNAL LINKS ON THE PLATFORM

The Website may include advertisements and hyperlinks to other websites or resources. We have no control over any other websites, applications, resources, or content available on such external websites or applications provided by companies or persons other than us. You acknowledge and agree that we are not responsible for the availability of such external sites or resources, and we do not endorse any advertising, services, or other materials on or available from them. You acknowledge and agree that we are not liable for any loss or damage you may incur as a result of the availability of such external sites or resources, or as a result of reliance placed on the completeness, accuracy, or existence of any advertising, services, or other materials on, or available from, such websites or applications. These third-party website and resource providers may have their own privacy policies governing the collection, storage, retention, and disclosure of your Personal Information. We recommend reviewing their privacy policies before use.

COOKIES

A cookie is a small file of letters and numbers that we store on your browser or on the hard drive of your computer, if you agree. By continuing to browse the Platform, you agree to our use of cookies. Cookies contain information that is transferred to your computer’s hard drive. You can set your browser to refuse all or some browser cookies, or to alert you when a Website sets or accesses cookies. If you disable or refuse cookies, please note that some parts of this Website may become inaccessible or may not function properly. The types of cookies we use are as follows:

  1. Strictly necessary cookies: These are cookies required for the operation of our Website — for example, cookies that let you log into secure areas of our Website.
  2. Analytical/performance cookies: These allow us to recognize and count visitors and see how they move around our Website. This helps us improve the way our Website works, for example, by ensuring users can easily find what they’re looking for.
  3. Functionality cookies: These recognize you when you return to our Website, enabling us to personalize content, greet you by name, and remember your preferences (such as language or region).
  4. Targeting cookies: These record your visit to our Website, the pages you’ve visited, and the links you’ve followed. We use this information to make our Website and its advertising more relevant to your interests. We may also share this information with third parties for this purpose. Third parties (including advertising networks and web traffic analysis providers) may also use cookies over which we have no control — these are likely to be analytical/performance or targeting cookies. You can block cookies through your browser settings; however, blocking all cookies, including strictly necessary ones, may prevent you from accessing all or part of our Website.

YOUR RIGHTS

Unless subject to an exemption, you have the following rights concerning your data:

  • the right to request a copy of the data we hold about you;
  • the right to request correction of any personal data found to be inaccurate or out of date;
  • the right to withdraw your consent to processing at any time;
  • the right to object to the processing of your Personal Information;
  • the right to lodge a complaint with a supervisory authority; and
  • the right to be informed whether your Personal Information is transferred to a third country or an international organization.

Where you hold an account with any of our platforms, you are entitled to a copy of all Personal Information we hold concerning you, and may request that we restrict how we use the data in your account.

COMPLIANCES

  • Indian Compliances
  1. This legal agreement is an electronic record within the meaning of the Information Technology Act, 2000, and the rules made thereunder, as applicable, including the amended provisions relating to electronic records introduced by the Information Technology (Amendment) Act, 2008. This electronic record is generated by a computer system and does not require any physical or digital signature.
  2. This legal document is published in accordance with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (which supersede the erstwhile Intermediary Guidelines Rules, 2011), and, to the extent still applicable, Rule 4 of the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011, framed under the Information Technology Act, 2000, which together require publication of the Terms of Use and privacy practices for access to and usage of any functional website.
  • Indian Data Protection Compliance — DPDPA

We process the personal data of our Indian Users in accordance with the Digital Personal Data Protection Act, 2023 (DPDPA) and the Digital Personal Data Protection Rules, 2025 framed thereunder, as they come into force in phases. Under the DPDPA, you have rights including the right to access information about your personal data, the right to correction and erasure, the right to grievance redressal, and the right to nominate another individual to exercise your rights in the event of your death or incapacity. Requests relating to these rights may be sent to support@patentmonetize.com.

  • GDPR Privacy Rights

The General Data Protection Regulation (GDPR) gives certain rights to individuals in relation to their personal data. We offer transparency and access controls to help Users exercise those rights. As available, and except as limited under applicable law, these rights include:

  1. Right of access — the right to be informed of, and request access to, the data we process about you;
  2. Right to rectification — the right to request that we amend or update inaccurate or incomplete data;
  3. Right to erasure — the right to request that we delete your data;
  4. Right to restrict processing — the right to request that we temporarily or permanently stop processing all or some of your Personal Information;
  5. Right to object — the right to object to our processing of your Personal Information on grounds relating to your particular situation, including processing for direct marketing purposes;
  6. Right to data portability — the right to request a copy of your Personal Information in electronic format and to transmit it for use in another party’s services; and
  7. Right not to be subject to automated decision-making, including profiling, where the decision would produce a legal or similarly significant effect on you.

CONFIDENTIALITY

You acknowledge that the Website may contain information designated confidential by us, and that you shall not disclose such information without our prior written consent. Your information is treated as confidential and will not be divulged to any third party unless legally required to do so by the appropriate authorities. We will not sell, share, or rent your Personal Information to any third party, or use your email address for unsolicited email. Any emails sent by us will relate only to agreed services, and you retain sole discretion to seek discontinuation of such communications at any time.

OTHER INFORMATION COLLECTORS

Except as otherwise expressly stated in this Privacy Policy, this document addresses only the use and disclosure of information we collect from you. To the extent you disclose information to other parties — whether on our Website or elsewhere on the Internet — different rules may apply to their use or disclosure of that information. Where we use third-party advertisers, they adhere to their own privacy policies. Since we do not control third parties’ privacy practices, we advise you to ask questions before disclosing personal information to others.

OUR DISCLOSURE OF YOUR INFORMATION

We may host surveys for survey creators on our Website, who are the owners and users of your survey responses; we do not own or sell your responses. Anything you expressly disclose in a survey response will be disclosed to that survey’s creator — please contact them directly to understand how they may share your responses. Information will not be treated as sensitive if it is freely available in the public domain or furnished under the Right to Information Act, 2005, any rules made thereunder, or any other applicable law. Given the existing regulatory environment, we cannot guarantee that your private communications and personally identifiable information will never be disclosed in ways not described in this Privacy Policy — by way of example (without limitation), we may be required to disclose information to government or law enforcement agencies, or to other third parties. While we use industry-standard practices to protect your privacy, we do not promise, and you should not expect, that your personally identifiable information or private communications will always remain private. We will, however, notify you by email of any such disclosure. As a matter of policy, we do not sell or rent your personally identifiable information to any third party; the following describes some of the ways it may nonetheless be disclosed:

  1. External Service Providers: Several services offered by external providers may help you use our Website. If you choose to use these optional services and disclose information to, or permit collection of information by, such providers, their use of that information is governed by their own privacy policy.
  2. Law and Order: We cooperate with law enforcement inquiries and other third parties to enforce laws relating to intellectual property rights, fraud, and other matters. You authorize us to disclose information about you to law enforcement and government officials where we, in our sole discretion, believe it necessary or appropriate in connection with an investigation of fraud, IP infringement, or other illegal activity, or activity that may expose you or us to legal liability.

ACCESSING, REVIEWING, AND CHANGING YOUR PROFILE

You can review and change the information you submitted, except your email ID. An option to facilitate such changes is available on the Website. If you change any information, we may or may not retain a record of your prior information. We retain Personal Information only for as long as necessary for the purposes described in this Privacy Policy or as required or permitted by applicable law. Following a valid deletion request, we will delete or anonymize the relevant information, except where continued retention is lawfully necessary, including for statutory record-keeping or the establishment, exercise, or defence of legal claims. Any retained information will be restricted to the purpose justifying its retention. Backup copies will be deleted or overwritten subject to applicable legal and retention requirements and, pending deletion, will not be used for unrelated purposes. If you believe any information we hold about you is incorrect or incomplete, or wish to remove your profile so others cannot view it, please contact us so we can promptly review and correct it.

You can review and change the information you submitted, except your email ID. An option to facilitate such changes is available on the Website. If you change any information, we may or may not retain a record of your prior information. We will not retain information you have requested to remove, except in certain circumstances such as to resolve disputes, troubleshoot problems, or enforce our terms and conditions, in which case such information will be removed entirely from our databases, including stored backup systems. If you believe any information we hold about you is incorrect or incomplete, or wish to remove your profile so others cannot view it, please contact us so we can promptly review and correct it.

SECURITY

We treat data as an asset that must be protected against loss and unauthorized access. We employ a range of security techniques to protect data from unauthorized access, whether from within or outside the Company, and follow generally accepted industry standards to protect the Personal Information submitted to and accessed by us. However, no security system is impenetrable, however effective the encryption technology used. The Company cannot guarantee the security of our database, nor that information you provide will not be intercepted while being transmitted to us over the Internet.

SEVERABILITY

Each paragraph of this Privacy Policy shall remain separate, independent, and severable from all other paragraphs, except where otherwise expressly indicated by the context. A finding that one or more paragraphs are null and void shall not affect the remaining paragraphs of this Privacy Policy.

AMENDMENT

This Privacy Policy may change from time to time. The most current version will govern our use of your information and will always be available on the Website. Continued use of the Website following any amendment shall be deemed acceptance of the revised Policy.

CONSENT WITHDRAWAL, DATA DOWNLOAD & DATA REMOVAL REQUESTS

To withdraw your consent, or to request a download or deletion of your data held by us for any or all of our solutions, please email support@patentmonetize.com.

CONTACT US

If you have any questions or concerns regarding this Privacy Policy, please contact our support team by emailing support@patentmonetize.com, or by writing to us at:

Patmon Marketplace Private Limited
Plot No. C-116, Block C, Sector 2, Noida, Gautam Buddha Nagar, Uttar Pradesh, India – 201301