In business cost is everything. As such, in drafting and prosecuting patents the lowest cost provider usually wins the business. While this approach may well result in obtaining patents at a lower cost, it does little to create real value from a patent portfolio. Unless that is your sole strategy – to collect a large number of patents that will sit and do nothing. Employing this low cost solution puts your business into a vicious cycle which reinforces itself through the feedback loop of low-quality patents. This vicious cycle is detrimental to the goal of obtaining valuable patent assets. This presentation will help you understand some of those monetization mistakes and how you can avoid them. Even you'll get to know about what you should do actually.

1. Patent
monetization
mistakes
Stop making these

2. In drafting and prosecuting patents, you choose the
lowest cost provider.

3. In drafting and prosecuting patents, you choose the
lowest cost provider.
And obtain patent at lowest cost to build a patent
portfolio that...

4. In drafting and prosecuting patents, you choose the
lowest cost provider.
And obtain patent at lowest cost to build a patent
portfolio that...
…usually sits and
do nothing.

5. A problem well stated is
a problem half-solved
– Charles Kettering

6. After monetizing patents for 20 years, I spotted causes of
these problems and their solutions.

7. A Patent Provides Negative Rights
Problem:
The patent owner does not obtain a monopoly to
manufacture, sell or practice the claimed invention.

8. A Patent Provides Negative Rights
Problem:
The patent owner does not obtain a monopoly to
manufacture, sell or practice the claimed invention.
And a patent itself has no ability to either stop
infringement or collect damages.

9. A patent is only worth as much as its owner is
willing to spend to defend it.
– Eric Halber

10. What you should do?
Find answers of these questions:
How confident are you that a given patent will survive
an attack of invalidity?

11. What you should do?
Find answers of these questions:
How confident are you that a given patent will survive
an attack of invalidity?
How confident are you in your infringement analysis?

12. Problem:
90% of the patents don’t find monetization
opportunity. Why is this so?
?
FAIL

13. Shortsighted Thinking

14. And the failure to understand that value of a
patent starts at the beginning of the process.

15. How to find these pitfalls?
Before investing your time and money in a
patent, contemplate answers of these:

16. Ask yourself -
The reasons for obtaining a patent and,

17. The reasons for obtaining a patent and,
Ask yourself -
The overall strategy for using such a patent in
the future.

18. The reasons for obtaining a patent and,
The overall strategy for using such a patent in
the future.
Ask yourself -
Is it for defensive purposes?

19. The reasons for obtaining a patent and,
The overall strategy for using such a patent in
the future.
Is it for defensive purposes?
Ask yourself -
What about the offensive use of patents?

20. Novelty should be at your prime focus

21. Novelty should be at your prime focus
But why?
You asked?

22. Because it is something that helps
you avoid potential infringement.

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