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THERE’S GOLD IN THEM THERE IP NUMBER BLOCKS! by Julie M. Nichols, Esq.

So, do you happen to have an unused Internet Protocol number block sitting around?  If so, you might unwittingly be sitting on a valuable asset.  A battle is brewing to determine whether an IP number block should be recognized as a registration (like a phone number) with no inherent asset value, no right to title, and no right to transfer or whether it is to be considered an asset owned by the assigned organization.  An August 2011 ruling in the bankruptcy case of Nortel Networks Corp., in which the court agreed to the sale of over 666,000 IPv4 addresses to Microsoft Corporation for $7.5 million, would seem to indicate that an IP number block should be considered an asset that can be sold freely.  But, it’s not quite so simple....continue reading.