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Valuation of patent rights is one of the main activities related to intellectual property management within an organization or company. Indeed, knowing the economic value and importance of the intellectual property rights assists in the strategic decisions to be taken on the company's assets, but also facilitates the commercialization and transactions concerning intellectual property rights.
When patent litigation is involved (which in year 1999 happened in about 1,600 cases compared to 153,000 patents issued in the same year [98]), costs increase significantly: although 95% of patent litigation cases are settled out of court, [99] those that reach the courts have legal costs on the order of a million dollars per case, not ...
The economics surrounding a single patent, or group of patents, revolves around the balance between the expense of maintaining the patent(s), and the income derived from owning that/those patents. [7] Similarly the economics of whether to seek a patent present similar concerns with the added up-front costs of obtaining the patent.
In 2016 the USPTO estimated the average cost of examining a patent application at about $4,200. At the same time, the examination fee was only $1,600 for large entities; at $800 for small-entities status; and at $400 for micro-entities status. [23]
In an impact assessment from 2011, the European Commission estimated that the costs of obtaining a patent in all 27 EU countries would drop from over 32 000 euro (mainly due to translation costs) to 6 500 euro (for the combination of an EU, Spanish and Italian patent) due to introduction of the Unitary patent. Per capita costs of an EU patent ...
World Intellectual Property Indicators (WIPI) is an annual statistical report published by the World Intellectual Property Organization (WIPO). [1] The publication provides an overview of the activity in the areas of patents, utility models, trademarks, industrial designs, microorganisms, plant variety protection, geographical indications and the creative economy.
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