Patent Monetization Strategies
The phrase “patent valuation” simply refers to the act of having an attorney or non-attorney business person look over your patent portfolio with the purpose of determining what kind of value, if any, it holds.
Oftentimes, per the 97% figure above, this practice produces results that entrepreneurs won’t find favorable. However, there’s no way to know whether you’re in the 97% or the 3% without knowing the value of your patent portfolio.
When it comes to intellectual property law, you’re not necessarily lost without an advisor like you would be without an attorney. The difference between a patent attorney and a patent advisor is that patent attorneys specialize in law and legal applications, whereas patent advisors tend to specialize in business and economic practices.
Source: Bold Patents