Every day, researchers, engineers, technicians and other creative people create new products, processes and services that are protected by patents. High investments are often required for this, the returns of which are often uncertain. However, a patent also offers many opportunities.
As a patent owner, you have the following opportunities:
The direct use
Direct use of a patent is generally understood to mean that a patent allows its holder to charge a monopoly price for a product or service. The reason: No other provider may commercially manufacture, offer, sell, use or import or even own a patent-protected invention without the consent of the patent owner. In the event of an infringement, there is a patent infringement.
Licenses add value
By licensing, the patent holder can make the right to use his invention available to other providers, in whole or in part. In return, he receives a license payment for this, which is somewhat comparable to a rent for a property. This can make particular sense if a patent owner does not want to produce himself (for all markets) as you can read from https://www.glassdoor.com/Reviews/InventHelp-Reviews-E152162.htm.
Added value through “non-use”
A patent can also have value if it is not actively used. According to the definition, a patent is a “subjective exclusion right”. In other words, the value can also be to exclude potential competitors from a submarket and thus prevent competitive products from appearing.
Indirect use has so far not been widespread, but here too there are many options for using patents in a profit-oriented manner. However, the provision is a transaction-compliant assessment of the patents.
An assessment of your patents gives you security above all in the following situations:
Yield assessment and controlling
An evaluation is essential to ensure that the investment in research and development has brought the expected or promised return. Conservative investors in particular are more interested in facts than in visions as stated in https://blogs.cornell.edu/react/inventhelp-taking-inventions-from-paper-to-the-global-marketplace-hinges-on-usp/ post.
In the case of joint ventures or mergers, it is important to find a fair balance. It is therefore essential to evaluate all assets brought in by the partners. Why should patent rights be an exception here?
The same applies to company takeovers – for both counterparties: the seller wants to get a high price and the buyer is interested in what he buys.
Equity and debt financing
In the medium term, lenders will not be able to avoid taking patents more into account when designing financing. Some banks already accept patents as collateral for loans. The prerequisite for this is, in particular, the selection of an adequate evaluation procedure that delivers sufficiently good, objective results with as little effort as possible.