Patent Valuations - Does Yours Have These Seven Key Elements?
We've seen many patent valuations that are of little value. Many simply use software that counts things in each patent and assign a score. Typical things counted are the number of forward and reverse citations, the number of drawings, the number of words in the claim, etc.
However, there is simply no substitute for having a patent attorney review several patents in a portfolio. We've seen high values given to patents on obsolete technology, and high estimated royalties based on industry sales totals, where there are many alternatives to the invention.
Paul C. Haughey
San Francisco, CA