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Patents are not “fungible” assets, like crude oil or pork bellies. One patent is not the same as another. A patent can be worth several tens of dollars, several tens of thousands of dollars, or several tens of millions of dollars.

Factors influencing patent value include a number of issues in the broad classes of the patent’s technical value and legal merit. A well written patent to outdated or unworkable technology is not valuable, nor is a poorly written patent directed to the latest and greatest technology.

In an environment where patent sales value realistically spans six orders of magnitude, merely listing a patent as “for sale” and waiting for bids is not enough. Patent sellers need representation from those who have the technical and legal capacity to analyze specific patents.

We present patents in a way to maximize seller value. We decide how to group or ungroup patent batches, how and to whom to present specific inventions, and how to emphasize strong points. We understand where a patent fits on the “technology roadmap” related to real, commercial products.

Key buyers understand that, as patent enforcers, the Hoffman Patent Firm can explain why a patent is important and understand how it could be defended in a litigation or licensing discussion.

 

©2008 Louis J. Hoffman, P.C.