How to Evaluate a Patent ?
Evaluating a patent is a critical process for inventors, investors, businesses, and legal professionals. Whether you are assessing a patent for acquisition, licensing, or litigation purposes, understanding its value and enforceability is essential. Below is a step-by-step guide to comprehensively evaluate a patent's technical, legal, and commercial aspects. 1. Legal Evaluation a. Patent Validity · Confirm that the patent is enforceable and properly granted. · Check the maintenance fee status and calculate the remaining term of protection. · Examine the patent’s family to ensure all related applications or patents are accounted for. b. Scope of Claims · Analyze the claims to understand what the patent protects. The claims define the legal boundaries of the invention and determine...