While patents are usually considered as intangible assets of a company, the fact remains that their commercialization is an important contributor towards corporate success. The management of these immaterial assets is an important element of strategic management that is constantly increasing in significance. It is critical to manage and value patents in order to evaluate their contribution towards corporate success. This is where Patent Valuation comes in. <\/p>\n\n\n\n
It is a part of\nthe management system and aims at assigning a monetary value to a patent\/patent\nportfolio for its licensing (exclusive or non-exclusive deals). Since, patents\nare techno-legal documents comprising the details of a technology and not an\nactual product, assigning a value to it can become quite complicated and\ntricky. While it is relatively simple to determine the costs for the issuance\nof a patent, true patent valuation needs applicable set of tools. <\/p>\n\n\n\n
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