Understanding the true value of a given piece of patent is very important from intellectual property aspect. It is important to understand that reducing risk and increasing profitability must be the primary focus during a patent valuation.
These valuations occur during a multitude of technology transfer transactions including the sale, licensing, or acquisition of any IP rights. Hence, the prices paid during an IP transaction must be evaluated for its perceived value, which is obtained through a detailed valuation process before it can be objectively understood by the potential buyer or seller.
iVakil IP patent valuation services include evaluating the patent technology, identifying markets and competitors, and assessing legal aspects. From here, we define the valuation model that will result in the most appropriate guidance. Our due diligence methods coupled with our overall science and technology expertise allow us to comprehensive valuation report that is unbiased, credible and reliable.
What Is Patent Licensing?
Patent Licensing refers to the act of assigning the ownership of a patent to a third party such that s/he can make, use and sell your invention either exclusively or non-exclusively, for an amount of pre-decided royalties.
Advantages of Patent Licensing
There are many advantages to licensing your invention at the right time. The primary intention of licensing a patent is to gain higher royalties. Sometimes the patentee doesn’t have the capital sufficient enough to make and sell the valuable invention, in such cases, instead of risking to run the market solely, you may minimize such risk and recover profits by transferring them to licensees.
Exclusive license: Under an exclusive license, a patent owner transfers all indicia of ownership to the licensee only retaining the title to the patent. From the point of view of the patent owner, he surrenders all rights under the patent (including the right to sue for infringement and the right to license) to the licensee.
Non-exclusive license: By granting a non-exclusive license, the patent owner essentially promises not to sue the licensee for patent infringement. Some people think that by acquiring a non-exclusive license the licensee acquires the freedom to operate in the space protected by the licensed patent, but this may or may not be the case. It depends on whether or not the licensee’s products infringe other patents.
iVakil IP team has expertise and can help patentee or corporations or companies in handling their intellectual property assets in the most satisfying manner to extract out maximum commercial benefits from it.