The next great corporate challenge in the information age is figuring out how to unlock the hidden power of Intellectual Property, most notably with patents. At Maier & Maier, PLLC, we partner with companies to manage and deploy their patents not just as legal instruments, but also as powerful financial assets and competitive weapons that can enhance their commercial success. Historically patents were considered as only providing rights for exclusion and prohibition. Increasingly, however, patents have been gaining importance as intangible assets. Trade in patents is an integral part of today’s financial world. In 2016, the value of patents traded worldwide was $600 billion, and trending sharply up. At the same time, royalty payments on patent licenses are increasing worldwide.
The first step in any monetization campaign is to be clear about goals. When Maier & Maier, PLLC works with clients to set goals for a monetization campaign, it’s an iterative process that starts with general goals and then drills down to more specific ones. Maier & Maier, PLLC’s general goals working to monetize IP include recovering investment in research and development, securing competitive advantages, building recognition as a leader in innovation, and generating revenue.