90% patents get voluntarily abandoned. They don’t get implemented. They don’t even find any licensing opportunity.
Does that mean those 90% patents are useless? No. Some of them can be, but not all. Most among those 90% patents don’t find monetization opportunities because of the blunders committed by the patent owner.
And if you’re looking for monetizing your patent portfolio, you need to avoid these blunders at all cost. Otherwise, your patent may join the league of those 90%.
Below I have compiled a list of 7 such patent monetization blunders that you should avoid for extracting highest possible value from your patent portfolio.
13. Choosing wrong targets
for litigation/licensing
Do you know whom to target for litigation and licensing?
No? Then, you're not ready for monetization.
24. Before monetizing your IP, Ask yourself
these questions:
What do I want to do with my patent/portfolio?
25. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Is selling a good option?
26. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Can this survive in court if go for litigation?
Is selling a good option?
27. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Can this survive in court if go for litigation?
Should we go for licensing?
Is selling a good option?
28. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Can this survive in court if go for litigation?
Should we go for licensing?
Can this portfolio be augmented with the existing
inventions in market?
Is selling a good option?
29. Avoiding the above discussed mistakes help
extracting maximum value from your IP.
30. To read the full article
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