True Patent Value

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True Patent Value

Author : Larry M. Goldstein
Publisher : Larry Goldstein
ISBN 13 : 9780989554107
Total Pages : 568 pages
Book Rating : 4.5/5 (541 download)

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Book Synopsis True Patent Value by : Larry M. Goldstein

Download or read book True Patent Value written by Larry M. Goldstein and published by Larry Goldstein. This book was released on 2013 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Patent owners are constantly asking, "How do I know if my patent's any good?" "How do I write an application that will produce a good patent?" "Is my patent portfolio worth anything?" The author, a U.S. registered patent attorney specializing in the technical areas known as Information & Communication Technologies, has been asked this question dozens of times. He wrote this book specifically to answer the question, "What is a high-quality patent?" True Patent Value is the first of three books that make up "The Patent Quality Series". The book includes three main sections: * First, a review of basic patent concepts, and of techniques used by professional evaluators to review and rate patent quality. * Second, twenty case studies of more than fifty patents - specific patent claims are shown to be good or bad, resulting in patent sales for millions of dollars, court decisions for hundreds of millions of dollars, or in some cases, complete loss. This section also includes an analysis of the patent portfolios of three high-tech companies, reviewed by quality, by geographic balance, and by balance over time. Each case study or portfolio analysis concludes with a short and pointed list of "Lessons Learned". * Third, a summary in an easy-to-understand Question & Answer format organized by main topic, followed by a Glossary of more than eighty terms used in patent analysis.This book is intended for four groups of readers: (1) patent attorneys and agents looking for a concentration of live cases where specific drafting created (or failed to create) valuable patents; (2) entrepreneurs and engineers who until now had no way of judging how good their patents really are; (3) patent brokers, corporate executives, and corporate Board members, contemplating billion-dollar portfolio sales; and (4) investment advisors, equity analysts, and investment bankers working with high-tech companies who need to understand the value of a patent portfolio.

Patent Valuation

Author : William J. Murphy
Publisher : John Wiley & Sons
ISBN 13 : 1118027345
Total Pages : 400 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Patent Valuation by : William J. Murphy

Download or read book Patent Valuation written by William J. Murphy and published by John Wiley & Sons. This book was released on 2012-05-08 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical resource for valuing patents that is accessible to the complete spectrum of decision makers in the patent process In today's economy, patents tend to be the most important of the intellectual property (IP) assets. It is often the ability to create, manage, defend, and extract value from patents that can distinguish competitive success and significant wealth creation from competitive failure and economic waste. Patent Valuation enhances the utility and value of patents by providing IP managers, IP creators, attorneys, and government officials with a useable resource that allows them to use actual or implied valuations when making patent-related decisions. Involves a combination of techniques for describing patent valuation Includes descriptions of various topics, illustrative cases, step-by-step valuation techniques, user-friendly procedures and checklists, and examples Serves as a useable resource that allows IP managers to use actual or implied valuations when making patent-related decisions One of the most fundamental premises of the book is that these valuation skills can be made accessible to each of the various decision makers in the patent process. Patent Valuation involves narrative descriptions of the various topics, illustrative cases, step-by-step valuation techniques, user-friendly procedures and checklists, and an abundance of examples to demonstrate the more complex concepts.

Litigation-Proof Patents

Author : Larry M. Goldstein
Publisher :
ISBN 13 : 9780989554114
Total Pages : 223 pages
Book Rating : 4.5/5 (541 download)

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Book Synopsis Litigation-Proof Patents by : Larry M. Goldstein

Download or read book Litigation-Proof Patents written by Larry M. Goldstein and published by . This book was released on 2014-10 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the principles of excellent patents, presents ten of the most common errors in patents, and details a step-by-step method for avoiding these common errors and writing excellent patents. Specific patents are shown to commit or avoid the most common patent mistakes. Litigation-Proof Patents is the second of three books that make up ?The Patent Quality Series?. The book includes four main sections: First, a discussion of the story told by each patent, and a detailed method for writing an excellent patent application. Second, principles of litigation-proof patents, including principles for good patent claims, Key Claim Terms, different types of claims, patent value, seminal patents, and writing patent applications. Third, a detailed explanation of the ten most common mistakes in patents, and how to avoid these mistakes. Fourth, case studies of patents, including the frequency hopping electronic communication patent of the Hollywood actress Hedy Lamarr, the patents covering the popular board game Monopoly®, and Apple?s ?slide-to-unlock? patent. This book is intended for anyone who wants to improve patent quality and patent value by avoiding the mistakes most commonly seen in patents. It is intended also for anyone reading or evaluating a patent who wants to know, ?Are there any glaring mistakes that detract from this patent?s quality and value??

The Economic Valuation of Patents

Author : Federico Munari
Publisher : Edward Elgar Publishing
ISBN 13 : 0857936514
Total Pages : 393 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis The Economic Valuation of Patents by : Federico Munari

Download or read book The Economic Valuation of Patents written by Federico Munari and published by Edward Elgar Publishing. This book was released on 2011-10-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills an important gap in the literature and will be very useful both to students of intellectual property and practitioners confronted by the problem of valuing their patent portfolios. An excellent overview of an evolving and challenging area, it provides the necessary background to thinking about the problem of valuation and describes all the major methods in use, including the real options approach. Bronywn H. Hall, University of California, Berkeley, US In depth knowledge and scientific approach are used to improve patent valuation techniques. . . a dream book for both researchers and practitioners interested in identifying the value of creative minds. Bruno van Pottelsberghe, Solvay Brussels School of Economics and Management, ULB, Belgium The Economic Valuation of Patents provides an original and essential analysis of patent valuation, presenting the main methodologies to value patents in different contexts. Starting with an analysis of the relevance of patent valuation from a strategic, economic and legal perspective, the book undertakes a thorough review of the existing financial and qualitative valuation methodologies. The contributing authors, IP experts from academia and business, discuss the application of valuation issues in various contexts such as patent portfolio management, licensing agreements, IP litigation, IP-backed finance and accounting. For each topic, an introductory theoretical background is provided and specific application contexts are then investigated. This multidisciplinary book bridges theory and practice in a unique and novel way that will be appreciated by graduate students, scholars and practitioners alike.

Patent Portfolios

Author : Larry M. Goldstein
Publisher :
ISBN 13 : 9780989554121
Total Pages : 297 pages
Book Rating : 4.5/5 (541 download)

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Book Synopsis Patent Portfolios by : Larry M. Goldstein

Download or read book Patent Portfolios written by Larry M. Goldstein and published by . This book was released on 2014-12-12 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains defines "excellence" in patent portfolios, explains how to obtain an excellent portfolio, and provides guidelines for the investment required to create an excellent portfolio. PATENT PORTFOLIOS, which is the third of three books that make up "The Patent Quality Series", includes four main sections: First, a definition of "excellent patent portfolio", with an explanation of ten principles related to such a portfolio and a close review of the patent portfolios of four high-tech companies in the areas of Internet firewalls, electronic signatures, cameras, and cellular telephones, respectively. Second, an explanation of how to obtain an excellent patent portfolio. Key concepts of patent portfolios are presented, particularly the concept of Technology Inflection Points. Two critical issues of portfolio management are discussed - (1) Build versus Buy, and (2) Quality versus Quantity. A model is presented by which a company may manage an in-house patenting program. Third, various methods of budgeting for patents are presented, including bottom-up budgeting, top-down budgeting, competitive budgeting, and hybrid budgeting. There is a discussion also of the conflict between targeted results and targeted costs. Fourth, a summary in Question & Answer format reviewing the main concepts of an excellent patent portfolio, managing portfolios, budgeting for patent investment, and special topics such as Technology Inflection Points, patent aggregation, patent pools, and methods of patent evaluation. The book ends with an extensive Glossary of terms related to patent portfolios.This book is intended for anyone who wants to build or manage an excellent patent portfolio. It is intended also for anyone evaluating a patent portfolio with intent to take actions related to all or part of the portfolio - buy, sell, license-in, license-out, develop further, or design around the portfolio.

Effective Patents

Author : S. Kelce Wilson
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (94 download)

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Book Synopsis Effective Patents by : S. Kelce Wilson

Download or read book Effective Patents written by S. Kelce Wilson and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is for anyone who needs to use the patent system, or wishes to learn how it truly operates – rather than following idyllic descriptions that are not actually met. Solo inventors, business owners and leaders, engineers at large companies, students, and even practicing attorneys can all learn from what is provided here. Examples include how to decide whether to file a patent application on an invention idea (hint: it’s not always a good plan), how to prioritize from among many ideas when only a few can be patented, how companies (from small start-ups up through large, sophisticated companies) wield patents, how to budget for patent portfolios, and more.

WIPO Guide to Using Patent Information

Author : World Intellectual Property Organization
Publisher : WIPO
ISBN 13 : 9280526510
Total Pages : 44 pages
Book Rating : 4.2/5 (85 download)

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Book Synopsis WIPO Guide to Using Patent Information by : World Intellectual Property Organization

Download or read book WIPO Guide to Using Patent Information written by World Intellectual Property Organization and published by WIPO. This book was released on 2018-04-30 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Guide aims to assist users in searching for technology information using patent documents, a rich source of technical, legal and business information presented in a generally standardized format and often not reproduced anywhere else. Though the Guide focuses on patent information, many of the search techniques described here can also be applied in searching other non-patent sources of technology information.

An Ex Ante Method of Patent Valuation

Author : Maayan Perel (Filmar)
Publisher :
ISBN 13 :
Total Pages : 89 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Ex Ante Method of Patent Valuation by : Maayan Perel (Filmar)

Download or read book An Ex Ante Method of Patent Valuation written by Maayan Perel (Filmar) and published by . This book was released on 2015 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article presents a novel, ex ante method of patent valuation for licensing purposes. It suggests that the value of patents should correlate with their technological contribution for our patent system to adequately reward innovation. The proposed method deviates from existing methods in at least four novel aspects. First, it adopts a social-normative perspective instead of a positive-economic one. Thus, it asks what should be the license value, from the standpoint of the patent system, and not what would be that value in a world with no regulatory intervention. Second, it is performed ex ante, upon the grant of patent protection, far before any licensing negotiations are initiated. Third, it recommends setting flexible limitations over the ultimate license value, rather than setting a single fixed price. Fourth, it suggests subjecting the process of patent valuation to external regulation, instead of leaving it to the exclusive control of free market powers.Accordingly, this Article advances a two step, novel method of patent valuation: first, determining the quality of a given patent according to the proposed quality indicators, and then, assigning flexible price limitations that correlate with the patent's quality. Such a social-normative method of patent valuation, this Article contends, would promote at least four significant objectives. First, by translating patent quality into patent value, it could encourage high quality innovation and improve patent quality. Second, by setting ex ante limitations over the licensing price the patentee may ultimately demand, it would downgrade patent trolling. Third, by determining the price of a patent upon issuance, it could neutralize the manipulative effect of external factors, such as the identity of negotiating parties and their respective bargaining powers, as well as the circumstances surrounding the licensing negotiations, which bears no relation to patent quality, over the patent's value. The proposed ex ante method could hence limit the ability of patentees having strong bargaining power to obtain un-proportional licensing fees that fail to reflect the true value of their inventions. Consequently, it could hamper their ability to hold-up follow-on innovation and impede future research. Fourth, in the long term, the proposed method would also reduce litigation costs and decrease litigation rates for the benefit of the public as a whole.

Valuation of Patents

Author : Alexander Wurzer
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041140646
Total Pages : 586 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Valuation of Patents by : Alexander Wurzer

Download or read book Valuation of Patents written by Alexander Wurzer and published by Kluwer Law International B.V.. This book was released on 2012-04-25 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the full range of available resources, this book clearly and systematically presents a detailed overview of current knowledge about patent valuation. In the course of the presentation the authors cover such elements of the subject as the following: business implications of the dematerialization of economic life; importance of intellectual property in a knowledge economy; forms of value creation by intangible assets in general and by patents in particular; value proposition of different ways of patent exploitation; patent value affecting environmental factors and factors inherent to the patent portfolio; structure of current instruments of patent valuation. The authors provide a detailed step-by-step account of how to set up a valuation model, with specifications of all the instruments required and attention to any empirical findings that have appeared. In addition, detailed case studies demonstrate the practical execution of major varieties of patent valuation, an appendix describes the mathematics used to compute present value and net value, and a glossary defines technical terms. In addition to its contribution to legal scholarship on patent law, the book is unmatched as a procedural manual for setting up a valuation model before a concrete valuation task. There is no clearer discussion of patent valuation as a crucial element of corporate strategy in the knowledge economy, and as such the book will prove of great practical assistance to business managers and their counsel in any jurisdiction.

Patent Management and Valuation

Author : Grid Thoma
Publisher : Routledge
ISBN 13 : 1317405706
Total Pages : 274 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Patent Management and Valuation by : Grid Thoma

Download or read book Patent Management and Valuation written by Grid Thoma and published by Routledge. This book was released on 2016-06-23 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on patent valuation has become increasingly important in academic and policy circles in the last few decades. In part, this is the outcome of the wide consensus that innovation is a crucial ingredient for growth at various levels. On the other hand, there has also been an overcoming of growth models unilaterally focused on technological-oriented approaches. This book presents novel and original research on patent value determinants, which are intrinsic or extrinsic to the innovator's business model. Grid Thoma has undertaken a long study on the strategic factors affecting patent valuation, bringing extensive quantitative evidences across various geographical and institutional contexts. Beforehand, the valuation of the patent real options is appraised when the innovator can postpone the additional investment required for the patent's successful exploitation. Then, he analyses what other complemental IP strategies are combined with patenting that in turn directly affect the value of patents. Moreover, the book scrutinizes the so-called 'strategic patenting' hypothesis according to which innovators obtain patents for other reasons beyond gaining IP protection. A second order of strategic factors affecting the value of patents resides at the outset of the invention process. These are constituted by knowledge spillovers, which are typically mediated by the local geographical context where the invention process takes place. The analysis shows that the contribution of knowledge spillovers from business and nonbusiness organizations to the value of the patented R&D constitutes a relevant aspect for an innovator's decision making. This thoughtful, cutting-edge research book is vital reading for researchers, academics, and policy decision makers in the area of in market valuation, management of technology, innovation management, and economic geography.

Q & A about Patents

Author : United States. Patent Office
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Q & A about Patents by : United States. Patent Office

Download or read book Q & A about Patents written by United States. Patent Office and published by . This book was released on 1970 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essentials of Patents

Author : Andy Gibbs
Publisher : John Wiley & Sons
ISBN 13 : 0471456616
Total Pages : 290 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Essentials of Patents by : Andy Gibbs

Download or read book Essentials of Patents written by Andy Gibbs and published by John Wiley & Sons. This book was released on 2003-03-25 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there are many books on "how to patent" and patent law, Essentials of Patents delivers practical advice on how to leverage patents as a powerful competitive corporate tool. This is not your "ordinary patent book". It's emphasis is directed to patent management with the express emphasis of increasing shareholder value, and it's audience, each with its own chapter, includes the CEO / ICO, CFO, CTO, and cross functional managers of HR, Engineering, Manufacturing and IT. Essentials of Patents is arguably one of the first works on intellectual property that drives home the importance of patent creation, protection and exploitation throughout the enterprise. Gibbs and DeMatteis show how patents can enhance competitive intelligence, product development cost reduction, product line expansion, and revenue streams, making this guide a must-have for the savvy manager. In it, the authors introduce a new management methodology: Patent Quality Management, or "PQM". With public company market values more than 90% attributable to the value of intangible assets and patents, the time has come for all corporate managers, not just R&D and legal counsel, to master intellectual property management in this competitive global market (and shareholders are demanding it).

Investing in Patents

Author : Russell Krajec
Publisher : Blueiron Press
ISBN 13 : 9780997410105
Total Pages : 215 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Investing in Patents by : Russell Krajec

Download or read book Investing in Patents written by Russell Krajec and published by Blueiron Press. This book was released on 2016-04-18 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most patents are worthless. By some estimations, this could be true of 95% of patents. Startup companies don't help themselves by making fatal mistakes, from filing provisional patents (almost always a bad idea) to treating their first patent as the most important one in their portfolio (it almost never is). How can an investor help their portfolio companies navigate the system? "Investing In Patents" discusses the patent process from an investor's view, but with insider knowledge.Investment-grade patents do not just happen by chance, they are curated through due diligence prior to filing the patent, then careful and consistent management through the process. Good patents are clear, straightforward, and easy to read. Understandable patent applications are easier to examine, meaning the issued patent is legitimate and defensible. Good patents have real, solid commercial value. The value of a patent only comes when it captures commercial value - not when it captures some cool technology. BlueIron IP's business is investing in patents, and this book discusses BlueIron's techniques and tools for evaluating inventions and managing portfolios specifically for startup companies. Startup companies have specific characteristics and needs that dictate strategies that often do not apply to larger companies with established products and systems. "Investing In Patents" discusses how startups need to manage their patent process, and how investors and guide them.

Patent Remedies and Complex Products

Author : C. Bradford Biddle
Publisher : Cambridge University Press
ISBN 13 : 1108426751
Total Pages : 379 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Patent Remedies and Complex Products by : C. Bradford Biddle

Download or read book Patent Remedies and Complex Products written by C. Bradford Biddle and published by Cambridge University Press. This book was released on 2019-06-27 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through a collaboration among twenty legal scholars from North America, Europe and Asia, this book presents an international consensus on the use of patent remedies for complex products such as smartphones, computer networks, and the Internet of Things. This title is also available as Open Access on Cambridge Core.

Provisional Patent Applications

Author : Mr Larry M Goldstein
Publisher :
ISBN 13 : 9781983803000
Total Pages : 236 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Provisional Patent Applications by : Mr Larry M Goldstein

Download or read book Provisional Patent Applications written by Mr Larry M Goldstein and published by . This book was released on 2018-01-19 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: PROVISIONAL PATENT APPLICATIONS: Use and Abuse is the completion of a four-book series on the topic of quality in patents and patent portfolios. This book describes a provisional patent application (PPA), shows how it differs from an ordinary non-provisional application (NPA), and explains how it can provide an early priority date for later applications and patents. There are few formal requirements for a PPA, which can be good in that it gives freedom to explain an invention in the inventor's own words, but can also be bad in that the application often fails to explain the invention clearly and comprehensively. Critically important is that the PPA present and define the "key claim terms" (KCTs) that will later be used in the claims of an ordinary patent application and a resulting patent. If a PPA defines these terms and explains the invention well, it is a "good" application. If it does not, then it is a "bad application." The book includes four chapters. - First, a discussion of the provisional application generally, including its advantages and disadvantages relative to a non-provisional application. - Second, four specific cases of very good PPAs, which create a model against which other PPAs may be judged. Each case includes an introduction, a statement of what happened, and a summary in the form of Lessons Learned from that case. - Third, nine cases of bad PPAs, in which all legal protection is lost, or in which the PPA fails to provide an early priority date for later applications and patents. - Fourth, a summary of the major lessons in the book, organized by strategy, quality, and drafting of provisional applications. PROVISIONAL PATENT APPLICATIONS: Use and Abuse is intended to help patent professionals and inventors draft provisional applications clearly and broadly, thereby providing the early priority dates necessary to protect inventions. It is intended also for corporate and IP executives, as well as engineers, who are not actively involved in the drafting process but who want to understand how to make best use of the provisional format.

Software Patents and Firm Value

Author : Sunghun Chung
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Software Patents and Firm Value by : Sunghun Chung

Download or read book Software Patents and Firm Value written by Sunghun Chung and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While software patents have been growing steadily since 1996 when the restrictions on the patentability of software were eliminated, their value and impacts on firm's profits remain unclear and ambiguous. Drawing on the real option theory and the literature on exploration and exploitation, we develop a novel theoretical framework to assess the value of software patent. Moreover, we examine the impact of contextual factors related to the nature of innovation underlying firms' patent portfolios (exploitative vs. explorative) and the environmental uncertainty (competitiveness and dynamism) on the value of software patents. Specifically, we examine the interaction effect of a firm's software patent stock and its innovation orientation on firm in markets exhibiting different levels of environmental uncertainty. Based on a large panel dataset consisting of 602 US firms, our results indicates that a software patent portfolio having higher levels of explorative orientation is associated with higher firm value (as measured by Tobin's q) in market environments exhibiting low dynamism and high competitiveness. In contrast, a software patent portfolio with higher levels of exploitative orientation is associated with higher firm value in market environments exhibiting high dynamism and low competitiveness. We discuss the implications for research and practice.

What You Need to Know Before You Shell Out $10,000 (Or More) on a Patent

Author : Rob W. Gramer
Publisher : CreateSpace
ISBN 13 : 9781500143503
Total Pages : 54 pages
Book Rating : 4.1/5 (435 download)

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Book Synopsis What You Need to Know Before You Shell Out $10,000 (Or More) on a Patent by : Rob W. Gramer

Download or read book What You Need to Know Before You Shell Out $10,000 (Or More) on a Patent written by Rob W. Gramer and published by CreateSpace. This book was released on 2014-06-09 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is going to present to you a very different take on patenting ideas. In fact, you're going to hear something pretty much NO patent attorney with their own law firm will ever tell you. The goal of this book is simple. To give you the information to determine if your idea - the idea that will most likely cost $10,000 or more to patent - is worth investing in. Because, ultimately, if you spend $10,000 or more on a patent...you want to make that money back (and then some), right? You want that $10,000 to turn into $20,000...$100,000 ...$1 million or more. Well, I'm here to tell you, that doesn't always happen. This book will explain why. And will give you a few simple, straightforward tactics for turning a profit on your idea inside of the first 30 days. Now, I have to warn you. This is much different than what you'll usually hear about patents and the process of protecting your ideas. The reason why I say this is because the content is based off an interview with someone I call a "patent gatekeeper." She is a patent agent and holds her doctorate in chemistry from one of the top 3 universities in the world - the University of California in Berkley. And she's drafted patents for Eli Lilly, a global pharmaceutical company with sales of $23 billion in 2013. Today, she works for one of the biggest colleges in the country, in their technology development department. There, she reviews all of the ideas the university faculty produces. And she decides whether or not these ideas will or will not receive university money for patent protection. That means, she literally looks at hundreds of ideas every year, from a wide variety of different angles...and determines whether or not they are worth it for the university to pursue. And, she has to decide if it makes FINANCIAL SENSE for the university to invest in patenting ideas the university faculty produce. She has to decide if there is... A commercial application for the idea. If they patent it, can the faculty start a business and sell aspects of the idea (of which the university takes a percentage)? A licensing aspect of the idea. Is this something the university can license out for a profit? A necessary protection aspect so the faculty can continue research. Remember, much university research is supplied by government grants or private funding. Sometimes a patent is necessary so the faculty can continue research (and continue receiving money from outside sources). In essence, she has to decide if the patent is financially viable! And so should you, before you hand over tens of thousands of dollars to patent attorney. Which is why I think you'll find the information in this book so valuable. Here's what's inside: The single most profitable type of technology that big universities LOVE to protect (and why this is much different than what most individual inventors look to patent) How to tell if you are getting screwed by your patent attorney When pursuing your idea actually breaks the law How to do a free patent search online How to connect with local entrepreneurs and investors using your local university 3 things you should bring to your first meeting with a patent attorney (this will save time and keep costs down in the long run) How inventors lose patent protection even after the patent is issued Hidden patent fees! How some patent attorneys hide the true cost of your patent application (and how this could easily TRIPLE the cost of your patent) How to multiple the value of your invention 10 times or more Ready to give up because your idea is already patented? Why this could make you even MORE money When you SHOULDN'T do a patent search Plus much more