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XML - IDEA: XBRL DOCUMENT - RPX CorpR1.htm
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EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - RPX Corpdex321.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - RPX Corpdex311.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - RPX Corpdex312.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - RPX Corpdex322.htm
EXCEL - IDEA: XBRL DOCUMENT - RPX CorpFinancial_Report.xls
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v2.3.0.11
Commitments And Contingencies
6 Months Ended
Jun. 30, 2011
Commitments And Contingencies  
Commitments And Contingencies

12. Commitments and Contingencies

Operating Lease Commitments

The Company leases approximately 30,000 square feet of office space in California under two separate, non-cancelable agreements, which commenced in August 2010 and December 2009. Both leases expire in April 2013. The Company also entered into a non-cancelable lease for approximately 1,400 square feet of office space in Japan, which commenced in November 2010 and expires in August 2013. Rent expense related to the non-cancelable operating leases was $357,000 and $714,000 for the three and six months ending June 30, 2011, respectively. Rent expense related to the non-cancelable operating leases was $98,000 and $196,000 for the three and six months ending June 30, 2010, respectively.

The aggregate future non-cancelable minimum lease payments for the Company's operating leases as of June 30, 2011 were as follows (in thousands):

 

Year Ending December 31,       

2011 (remainder)

   $ 737   

2012

     1,564   

2013

     622   

2014 and Thereafter

     —     
  

 

 

 

Total future non-cancelable minimum lease payments

   $ 2,923   
  

 

 

 

Litigation

From time to time, the Company may be a party to various litigation claims in the normal course of business. Legal fees and other costs associated with such actions are expensed as incurred. The Company assesses, in conjunction with its legal counsel, the need to record a liability for litigation. A liability is recorded when and if it is determined that such a liability for litigation is both probable and reasonably estimable. As of June 30, 2011, the Company was not a party to any litigation and no liabilities for litigation have been accrued.

Other Commitments and Contingencies

On September 10, 2010, the Company entered into certain agreements with a special-purpose entity formed for the sole purpose of acquiring specific patent assets that had been made available for sale by a third party. If the entity was successful in acquiring the patent assets, the Company had agreed to make a $5.0 million investment in the equity securities of the entity and serve as the exclusive licensing agent for the entity. As of June 30, 2011, the third party had completed the sale of the assets and the special-purpose entity was not the buyer. Therefore, no investment in such entity has been made and the Company has no further obligations under these agreements.

On December 12, 2008, in connection with the acquisition of certain patent assets from an unaffiliated third party in an arm's-length transaction, the Company agreed to make a one-time payment of $5.0 million in the event that the Company earns $170.0 million of annual subscription revenues in any calendar year. No provision has been made for this contingency as of June 30, 2011.