The Need For A Patent Valuation
The purpose of obtaining a patent valuation is the ability to set a monetary price on either a current patent or on a pending patent application. There are a number of different reasons to complete a patent valuation. It might be conducted for financing, capitalizing, or even purchasing a current patent. This critical patent service helps both investors and innovators determine whether or not to go through the procedure of filing a patent application, funding a new idea, or to buy an existing patent.
Get A Patent Valuation As An Inventor
If you happen to be an inventor or a venture capitalist, the patent a valuation may help you figure out whether the final product is worth the time, work, and money needed to build and create the new idea. It may even be able to figure out the current market value of the invention or product, giving you an idea on how much you can sell it for. The patent valuation could help determine if the cost of creation is less than the fair market value which can give you an idea, or educated guess, on the profit margin.
A Great Patent Service For Investors
If you are a company that is planning on purchasing or merging with another company a patent valuation is a critical patent service to obtain. The patent valuation may be able to help determine the value of an existing patent and what it could provide during the remaining years of enforcement. The patents value could either add value to a company or decrease the value, depending on the time left for the patents protection and the current market value of the patent. Also, owning specific patent rights gives a company the ability to license the technology or merchandise out to various companies, which could also add value to the patents.
Get Help From A Patent Firm
It is a good idea to hire a patent firm because they are capable of helping you with conducting a thorough patent valuation. You want them to look at more than a few different variables to help determine the current market value. They should search through related patent directories, forward and back references, claim scope, potential licensing prospects, and the present technology in the particular patents section. A patent valuation is an essential first stage, to help make certain the time and financing put into a patent or new invention is worth it.
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Source: http://www.buydemocracy.com/uncategorized/the-need-for-a-patent-valuation/
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