A credible patent valuation requires attention to all relevant factors and a multi-disciplined team of experts to execute it. GHB Intellect has over 500 experts in high-tech, science, finance, and IP fields. By deploying the best and most appropriate team of experts (including technical, financial, legal, and business) for every project, and by utilizing best practices in IP evaluation and fair market valuation, GHB Intellect is able to provide accurate, reliable, and unbiased valuation reports.
In this case study, we explain our process in determining the fair market value of a patent directed to a custom vehicular device especially designed for fleet operation and activities.
Note that the most accurate and credible patent valuations typically benefit from a two-step approach: 1) a Technical Evaluation, which will be used as input to 2) a Fair Market Valuation. Although the technical evaluation is an optional report, it is highly encouraged.
The Fair Market Valuation report depends heavily on the findings of the Technical Evaluation Report. In the absence of this report, we would have to rely on the inventors’ input and assessment of the technical merits of the patents involved. Although the inventors will be in a great position to provide such input, the bias (whether real or perceived) associated with the inventors’ relationship with the Client will no doubt bring the objectiveness of the Fair Market Valuation report into question. As such, if the valuation report is intended to be used for audiences outside of the Client’s organization (target companies), the credibility of the report’s conclusions may be substantially diminished, even though the valuation report will have been created by an impartial third party.
This case study is a great example of the usefulness of this two-step approach. Aside from the above advantage of performing the technical evaluation, it provided a much better development plan to the client, allowing them to improve their business plans substantially.
GHB Intellect is a full-service intellectual property consulting and engineering services firm. With a growing cadre of hundreds of industry-seasoned experts & professionals, as well as access to full suites of design and testing equipment, we specialize in high-tech, science, and innovation.