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A patent is a legal right to prevent others from making, using or selling your invention for up to 20 years in the country or region where your patent is granted. You can patent products, processes, machines, chemical compositions and improvements or new uses of any of these. Patents can be very valuable.
Sep 19, 2024 · Customer Demand: Gauge the demand for the product or process your patent covers. Competition: Understand the number of similar patents and their market share. Valuations can include a variety of methods, such as the income, market, and cost approach. The income approach projects future profits and discounts them to present value.
- Patents’ Strategic Benefits: Offensive and Defensive
- The Innovation Marketplace
- Our Study
- Takeaways
- Conclusion
- Explore The Research
- References
Patents grant their owners an exclusive legal right over the use of an invention for a limited time in exchange for public disclosure of the invention. They not only protect a firm’s intellectual property (IP) but also act as intangible assets that can be bought or sold. Here's an analogy from sports or military settings. On the one hand, firms can...
Buying and selling patents can be an efficient way to innovate and breathe new life into dormant technology. Firms can sell their own underutilized patents and buy externally developed patents cost-effectively in the innovation marketplace. When a patent reaches the right hands, the resulting innovations can benefit everyone: sellers and buyers as ...
Drawing on the Nobel laureate economist Ronald Coase’s theorem (1960), which says that firms tend to reallocate resources to other firms in a mutually beneficial manner,4we found that firms are likely to transfer patent ownership to another firm that could better utilize a particular patent. We looked at the technological relevance of each patent t...
Patent owning firms may want to monetize unused or underutilized intangible assets, whereas others may want to acquire the rights to high-quality, low-priced technical solutions from innovation markets. On the one hand, by selling a patent to another firm that can utilize the patent more effectively, the patent owners may recoup their R&D investmen...
Vibrant, efficient markets for innovation lead to gains in economic returns, technological progress, and ultimately broader social welfare. Dynamic technology markets promote greater R&D investments because, even if another firm ends up commercializing the creations of the original inventors, some of the economic gains could still accrue to the inv...
Kwon, J. H., Park, H. D., Deng, S. When Do Firms Trade Patents? (https://doi.org/10.1287/orsc.2021.1471) Organization Science, July 2022.
1. Ziedonis, R. H. Don’t fence me in: Fragmented markets for technology and the patent acquisition strategies of firms. Management Science.50, 804–820 (2004). 2. Arora, A., Fosfuri, A., Gambardella, A. Markets for Technology: The Economics of Innovation and Corporate Strategy (MIT Press, Cambridge, MA, 2001). 3. Kwon, J. H., Park, H. D., Deng, S. W...
Mar 24, 2023 · Option 1: Take the money and run. Option 2: License the usage rights. Option 3: Do it yourself. Ways to go about selling or licensing your invention. A patent is an important document which grants ownership to an invention. However, simply owning a patent won't generate a dime for the inventor. To profit from your idea, you must sell the patent ...
- Beverly Rice
Let’s learn how to sell a patent. Monetizing intellectual property and generating revenue can be achieved through the sale of a patent. The process of selling a patent involves identifying potential buyers, preparing the patent for sale, and negotiating the sale price and terms. To begin, let us dive into each step of how to sell a patent.
Jun 10, 2024 · Preparing for the Patent Selling Process. As you edge closer to the patent marketplace, preparation is your ally. The foundation of a successful patent transaction lies in confirming the patent’s validity, enforceability, and clarity of ownership rights to stave off any legal challenges and ensure a smooth transaction.
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Jan 1, 2024 · If you choose to sell the patent, there's the potential for a quick buy out. Selling the patent outright provides immediate income to pay for the costs of getting the patent, as well as funding new ideas. By selling the patent, the cost of starting a business or manufacturing the invention is eliminated.
