WHAT IS PATENT VALUATION AND WHO NEEDS IT?
Patent Valuation decides how much your patent is worth in the market. It is a must and necessary if any Patent owner is in the process of selling, licensing or business negotiation or any kind of deal. This will enable the Patent owner to get the most out of their invention. Based on actual market value the patent owners can leverage the best deals.
LET US UNDERSTAND THE CONCEPT AND HOW THE PATENT VALUATION COULD BE DONE
So Conventionally, the patent valuation is executed using these three main approaches –
1. Market approach,
2. Income approach (In this method, a patent’s value will be determined based on the current value of cash flow or cost savings )
3. Cost approach.
NOW LET'S ANSWER ONE IMPORTANT QUESTION: HOW MUCH IS IT GOING TO COST YOU?
Any patent rests on the scope of their claims. Because it could be the deciding factor for infringement or validation of a patent and that is what makes your patent more valuable. Without going into many details, the average price for patent valuation fluctuates around USD 3500 to USD 5000+ but because of our unique methods and tools, we can do the same and save you more than USD 2000 in the process, and not only that based on the customization we offer a lot more discounts as well.
Virtue Legal Services is proficient in the same and will help you realize the most accurate Value of your patent using our AI tools and best in the Industry practices.