Business strategy questions to ask your team when developing IP
- Do we intend to be offensive or defensive with our IP?
- Will we assert these patents against other companies?
- Do we need these patents strategically?
– Do they align with our future direction?
- How old are these patents and how close are they to expiration?
– What value remains – is it best to extract the maximum value now or later?
- What return would we get if we were to sell the patents?
– High margin revenues with sunk costs reclaimed and defensive capability intact if grant back license retained
- What are the risks and downsides of selling?
- What does the cost benefit analysis indicate?
Assess your patent portfolio
Find buyers – Either engage a successful broker or target industry buyers
Execute the deal
