Patent Monetization: Options in Patent Sales
Kilpatrick Townsend’s Jeff Gendzwill recently gave a presentation on the topic of “Patent Monetization: Options in Patent Sales.” Patents rights and protections are an important part of any company’s IP portfolio. But even after they have been acquired, patents can be costly in light of the various maintenance fees due in most countries Because such fees can quickly add up, it may be worth considering selling one or more patents when the technology protected by them is no longer valuable to a company.
Although they can be pricey, patent brokerage services may provide the best option for selling patents. Patent brokers seek out buyers specific to the patent(s) to be sold, which often results in a higher selling price. But this personalized service comes at a cost of both money and time. Furthermore, patent brokers often lack the legal and technical training needed to fully analyze the value of a patent. Nevertheless, patent brokers are a good option for those who are in no rush to sell.
Source: Law Business Research