True Patent Value

True Patent Value PDF Author: Larry M. Goldstein
Publisher: Larry Goldstein
ISBN: 9780989554107
Category : Patent
Languages : en
Pages : 568

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Book Description
Patent owners are constantly asking, "How do I know if my patent's any good?" "How do I write an application that will produce a good patent?" "Is my patent portfolio worth anything?" The author, a U.S. registered patent attorney specializing in the technical areas known as Information & Communication Technologies, has been asked this question dozens of times. He wrote this book specifically to answer the question, "What is a high-quality patent?" True Patent Value is the first of three books that make up "The Patent Quality Series". The book includes three main sections: * First, a review of basic patent concepts, and of techniques used by professional evaluators to review and rate patent quality. * Second, twenty case studies of more than fifty patents - specific patent claims are shown to be good or bad, resulting in patent sales for millions of dollars, court decisions for hundreds of millions of dollars, or in some cases, complete loss. This section also includes an analysis of the patent portfolios of three high-tech companies, reviewed by quality, by geographic balance, and by balance over time. Each case study or portfolio analysis concludes with a short and pointed list of "Lessons Learned". * Third, a summary in an easy-to-understand Question & Answer format organized by main topic, followed by a Glossary of more than eighty terms used in patent analysis.This book is intended for four groups of readers: (1) patent attorneys and agents looking for a concentration of live cases where specific drafting created (or failed to create) valuable patents; (2) entrepreneurs and engineers who until now had no way of judging how good their patents really are; (3) patent brokers, corporate executives, and corporate Board members, contemplating billion-dollar portfolio sales; and (4) investment advisors, equity analysts, and investment bankers working with high-tech companies who need to understand the value of a patent portfolio.

True Patent Value

True Patent Value PDF Author: Larry M. Goldstein
Publisher: Larry Goldstein
ISBN: 9780989554107
Category : Patent
Languages : en
Pages : 568

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Book Description
Patent owners are constantly asking, "How do I know if my patent's any good?" "How do I write an application that will produce a good patent?" "Is my patent portfolio worth anything?" The author, a U.S. registered patent attorney specializing in the technical areas known as Information & Communication Technologies, has been asked this question dozens of times. He wrote this book specifically to answer the question, "What is a high-quality patent?" True Patent Value is the first of three books that make up "The Patent Quality Series". The book includes three main sections: * First, a review of basic patent concepts, and of techniques used by professional evaluators to review and rate patent quality. * Second, twenty case studies of more than fifty patents - specific patent claims are shown to be good or bad, resulting in patent sales for millions of dollars, court decisions for hundreds of millions of dollars, or in some cases, complete loss. This section also includes an analysis of the patent portfolios of three high-tech companies, reviewed by quality, by geographic balance, and by balance over time. Each case study or portfolio analysis concludes with a short and pointed list of "Lessons Learned". * Third, a summary in an easy-to-understand Question & Answer format organized by main topic, followed by a Glossary of more than eighty terms used in patent analysis.This book is intended for four groups of readers: (1) patent attorneys and agents looking for a concentration of live cases where specific drafting created (or failed to create) valuable patents; (2) entrepreneurs and engineers who until now had no way of judging how good their patents really are; (3) patent brokers, corporate executives, and corporate Board members, contemplating billion-dollar portfolio sales; and (4) investment advisors, equity analysts, and investment bankers working with high-tech companies who need to understand the value of a patent portfolio.

Patent Valuation

Patent Valuation PDF Author: William J. Murphy
Publisher: John Wiley & Sons
ISBN: 1118027345
Category : Law
Languages : en
Pages : 400

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Book Description
A practical resource for valuing patents that is accessible to the complete spectrum of decision makers in the patent process In today's economy, patents tend to be the most important of the intellectual property (IP) assets. It is often the ability to create, manage, defend, and extract value from patents that can distinguish competitive success and significant wealth creation from competitive failure and economic waste. Patent Valuation enhances the utility and value of patents by providing IP managers, IP creators, attorneys, and government officials with a useable resource that allows them to use actual or implied valuations when making patent-related decisions. Involves a combination of techniques for describing patent valuation Includes descriptions of various topics, illustrative cases, step-by-step valuation techniques, user-friendly procedures and checklists, and examples Serves as a useable resource that allows IP managers to use actual or implied valuations when making patent-related decisions One of the most fundamental premises of the book is that these valuation skills can be made accessible to each of the various decision makers in the patent process. Patent Valuation involves narrative descriptions of the various topics, illustrative cases, step-by-step valuation techniques, user-friendly procedures and checklists, and an abundance of examples to demonstrate the more complex concepts.

Litigation-Proof Patents

Litigation-Proof Patents PDF Author: Larry M. Goldstein
Publisher:
ISBN: 9780989554114
Category : Patent laws and legislation
Languages : en
Pages : 223

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Book Description
This book explains the principles of excellent patents, presents ten of the most common errors in patents, and details a step-by-step method for avoiding these common errors and writing excellent patents. Specific patents are shown to commit or avoid the most common patent mistakes. Litigation-Proof Patents is the second of three books that make up ?The Patent Quality Series?. The book includes four main sections: First, a discussion of the story told by each patent, and a detailed method for writing an excellent patent application. Second, principles of litigation-proof patents, including principles for good patent claims, Key Claim Terms, different types of claims, patent value, seminal patents, and writing patent applications. Third, a detailed explanation of the ten most common mistakes in patents, and how to avoid these mistakes. Fourth, case studies of patents, including the frequency hopping electronic communication patent of the Hollywood actress Hedy Lamarr, the patents covering the popular board game Monopoly®, and Apple?s ?slide-to-unlock? patent. This book is intended for anyone who wants to improve patent quality and patent value by avoiding the mistakes most commonly seen in patents. It is intended also for anyone reading or evaluating a patent who wants to know, ?Are there any glaring mistakes that detract from this patent?s quality and value??

The Economic Valuation of Patents

The Economic Valuation of Patents PDF Author: Federico Munari
Publisher: Edward Elgar Publishing
ISBN: 0857936514
Category : Law
Languages : en
Pages : 393

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Book Description
This book fills an important gap in the literature and will be very useful both to students of intellectual property and practitioners confronted by the problem of valuing their patent portfolios. An excellent overview of an evolving and challenging area, it provides the necessary background to thinking about the problem of valuation and describes all the major methods in use, including the real options approach. Bronywn H. Hall, University of California, Berkeley, US In depth knowledge and scientific approach are used to improve patent valuation techniques. . . a dream book for both researchers and practitioners interested in identifying the value of creative minds. Bruno van Pottelsberghe, Solvay Brussels School of Economics and Management, ULB, Belgium The Economic Valuation of Patents provides an original and essential analysis of patent valuation, presenting the main methodologies to value patents in different contexts. Starting with an analysis of the relevance of patent valuation from a strategic, economic and legal perspective, the book undertakes a thorough review of the existing financial and qualitative valuation methodologies. The contributing authors, IP experts from academia and business, discuss the application of valuation issues in various contexts such as patent portfolio management, licensing agreements, IP litigation, IP-backed finance and accounting. For each topic, an introductory theoretical background is provided and specific application contexts are then investigated. This multidisciplinary book bridges theory and practice in a unique and novel way that will be appreciated by graduate students, scholars and practitioners alike.

Patent Portfolios

Patent Portfolios PDF Author: Larry M. Goldstein
Publisher:
ISBN: 9780989554121
Category : Patents
Languages : en
Pages : 297

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Book Description
This book explains defines "excellence" in patent portfolios, explains how to obtain an excellent portfolio, and provides guidelines for the investment required to create an excellent portfolio. PATENT PORTFOLIOS, which is the third of three books that make up "The Patent Quality Series", includes four main sections: First, a definition of "excellent patent portfolio", with an explanation of ten principles related to such a portfolio and a close review of the patent portfolios of four high-tech companies in the areas of Internet firewalls, electronic signatures, cameras, and cellular telephones, respectively. Second, an explanation of how to obtain an excellent patent portfolio. Key concepts of patent portfolios are presented, particularly the concept of Technology Inflection Points. Two critical issues of portfolio management are discussed - (1) Build versus Buy, and (2) Quality versus Quantity. A model is presented by which a company may manage an in-house patenting program. Third, various methods of budgeting for patents are presented, including bottom-up budgeting, top-down budgeting, competitive budgeting, and hybrid budgeting. There is a discussion also of the conflict between targeted results and targeted costs. Fourth, a summary in Question & Answer format reviewing the main concepts of an excellent patent portfolio, managing portfolios, budgeting for patent investment, and special topics such as Technology Inflection Points, patent aggregation, patent pools, and methods of patent evaluation. The book ends with an extensive Glossary of terms related to patent portfolios.This book is intended for anyone who wants to build or manage an excellent patent portfolio. It is intended also for anyone evaluating a patent portfolio with intent to take actions related to all or part of the portfolio - buy, sell, license-in, license-out, develop further, or design around the portfolio.

Effective Patents

Effective Patents PDF Author: S. Kelce Wilson
Publisher:
ISBN:
Category : Patent laws and legislation
Languages : en
Pages : 0

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Book Description
This book is for anyone who needs to use the patent system, or wishes to learn how it truly operates – rather than following idyllic descriptions that are not actually met. Solo inventors, business owners and leaders, engineers at large companies, students, and even practicing attorneys can all learn from what is provided here. Examples include how to decide whether to file a patent application on an invention idea (hint: it’s not always a good plan), how to prioritize from among many ideas when only a few can be patented, how companies (from small start-ups up through large, sophisticated companies) wield patents, how to budget for patent portfolios, and more.

An Ex Ante Method of Patent Valuation

An Ex Ante Method of Patent Valuation PDF Author: Maayan Perel (Filmar)
Publisher:
ISBN:
Category :
Languages : en
Pages : 89

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Book Description
This Article presents a novel, ex ante method of patent valuation for licensing purposes. It suggests that the value of patents should correlate with their technological contribution for our patent system to adequately reward innovation. The proposed method deviates from existing methods in at least four novel aspects. First, it adopts a social-normative perspective instead of a positive-economic one. Thus, it asks what should be the license value, from the standpoint of the patent system, and not what would be that value in a world with no regulatory intervention. Second, it is performed ex ante, upon the grant of patent protection, far before any licensing negotiations are initiated. Third, it recommends setting flexible limitations over the ultimate license value, rather than setting a single fixed price. Fourth, it suggests subjecting the process of patent valuation to external regulation, instead of leaving it to the exclusive control of free market powers.Accordingly, this Article advances a two step, novel method of patent valuation: first, determining the quality of a given patent according to the proposed quality indicators, and then, assigning flexible price limitations that correlate with the patent's quality. Such a social-normative method of patent valuation, this Article contends, would promote at least four significant objectives. First, by translating patent quality into patent value, it could encourage high quality innovation and improve patent quality. Second, by setting ex ante limitations over the licensing price the patentee may ultimately demand, it would downgrade patent trolling. Third, by determining the price of a patent upon issuance, it could neutralize the manipulative effect of external factors, such as the identity of negotiating parties and their respective bargaining powers, as well as the circumstances surrounding the licensing negotiations, which bears no relation to patent quality, over the patent's value. The proposed ex ante method could hence limit the ability of patentees having strong bargaining power to obtain un-proportional licensing fees that fail to reflect the true value of their inventions. Consequently, it could hamper their ability to hold-up follow-on innovation and impede future research. Fourth, in the long term, the proposed method would also reduce litigation costs and decrease litigation rates for the benefit of the public as a whole.

Valuation of Patents

Valuation of Patents PDF Author: Alexander Wurzer
Publisher: Kluwer Law International B.V.
ISBN: 9041140646
Category : Law
Languages : en
Pages : 586

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Book Description
Drawing on the full range of available resources, this book clearly and systematically presents a detailed overview of current knowledge about patent valuation. In the course of the presentation the authors cover such elements of the subject as the following: business implications of the dematerialization of economic life; importance of intellectual property in a knowledge economy; forms of value creation by intangible assets in general and by patents in particular; value proposition of different ways of patent exploitation; patent value affecting environmental factors and factors inherent to the patent portfolio; structure of current instruments of patent valuation. The authors provide a detailed step-by-step account of how to set up a valuation model, with specifications of all the instruments required and attention to any empirical findings that have appeared. In addition, detailed case studies demonstrate the practical execution of major varieties of patent valuation, an appendix describes the mathematics used to compute present value and net value, and a glossary defines technical terms. In addition to its contribution to legal scholarship on patent law, the book is unmatched as a procedural manual for setting up a valuation model before a concrete valuation task. There is no clearer discussion of patent valuation as a crucial element of corporate strategy in the knowledge economy, and as such the book will prove of great practical assistance to business managers and their counsel in any jurisdiction.

WIPO Guide to Using Patent Information

WIPO Guide to Using Patent Information PDF Author: World Intellectual Property Organization
Publisher: WIPO
ISBN: 9280526510
Category : Law
Languages : en
Pages : 44

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Book Description
This Guide aims to assist users in searching for technology information using patent documents, a rich source of technical, legal and business information presented in a generally standardized format and often not reproduced anywhere else. Though the Guide focuses on patent information, many of the search techniques described here can also be applied in searching other non-patent sources of technology information.

Patent Management and Valuation

Patent Management and Valuation PDF Author: Grid Thoma
Publisher: Routledge
ISBN: 1317405706
Category : Business & Economics
Languages : en
Pages : 274

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Book Description
Research on patent valuation has become increasingly important in academic and policy circles in the last few decades. In part, this is the outcome of the wide consensus that innovation is a crucial ingredient for growth at various levels. On the other hand, there has also been an overcoming of growth models unilaterally focused on technological-oriented approaches. This book presents novel and original research on patent value determinants, which are intrinsic or extrinsic to the innovator's business model. Grid Thoma has undertaken a long study on the strategic factors affecting patent valuation, bringing extensive quantitative evidences across various geographical and institutional contexts. Beforehand, the valuation of the patent real options is appraised when the innovator can postpone the additional investment required for the patent's successful exploitation. Then, he analyses what other complemental IP strategies are combined with patenting that in turn directly affect the value of patents. Moreover, the book scrutinizes the so-called 'strategic patenting' hypothesis according to which innovators obtain patents for other reasons beyond gaining IP protection. A second order of strategic factors affecting the value of patents resides at the outset of the invention process. These are constituted by knowledge spillovers, which are typically mediated by the local geographical context where the invention process takes place. The analysis shows that the contribution of knowledge spillovers from business and nonbusiness organizations to the value of the patented R&D constitutes a relevant aspect for an innovator's decision making. This thoughtful, cutting-edge research book is vital reading for researchers, academics, and policy decision makers in the area of in market valuation, management of technology, innovation management, and economic geography.