From the seed a farmer plants to the harvest they reap, there is intellectual property on every farm. To protect and monetize this valuable asset, farmers need to understand what types of intellectual property are found on the farm and how they can license it. Let’s explore these two topics […]
Predicting the value of intellectual property, especially a patent, is always a challenge. While different valuation formulas calculate all sorts of factors, such as market comparisons or income, these have limitations. But when combined with other variables, they can offer a pretty good estimate of what the value may be. […]
The medical device industry is changing so fast that getting your med device to market sooner rather than later is the priority. The rapid pace of new devices entering the market is shortening the lifespan of med device technology. The question is how will you bring your med device into the market to profit from this multi-billion dollar opportunity? Will, you market it directly, license it out to an established player, or use a combination of these two strategies?
In 2004, Dell faced a patent infringement lawsuit for selling its computers online. A small business claimed Dell violated its business method patent for selling a product internationally using the internet. How you do something – key processes and methods that give your business a competitive advantage – are valuable […]
Sometimes pooling your IP with others can be a better way to make money with it. Especially if it creates a billion dollar industry. Some of the biggest corporations in the world use patent pools to license their IP. It’s basically a joint venture strategy. The purpose of the […]
