Do you provide valuations of foreign patent applications?
Yes, the cost as of May 2005 is $1000.00 per valuation. The valuation
is based upon the GDP of the country compared to the GDP of the U.S.,
assumes the application issues on the date of the valuation, and assume
a term expiring 20 years from the non-provisional priority date. The
application must be available to us in text format (either published or
provided by the applicant) in include the non-provisional priority date,
and for identification purposes filing authority, application number,
filing date, and title. There is a per country surcharge for valuing
multi country applications, such as European and PCT applications, and
you must specify those countries to be included in such valuations.
What if I decide that I don't want to pay for your patent valuation after I receive it?
Unless we have committed some gross error, we do intend to
collect your payment. However, there is always the possibility of
extenuating circumstances. In that case, please contact us so we can
resolve the problem.
Will I get a receipt for my purchase?
Yes. You will receive an email receipt of purchase upon completing a
QUESTIONS REGARDING HOW THE PATENT MODELS WORK
Does your estimate of the size of the market protected by patent rights
reflect actual sales data?
No. Our estimate of the size of the market protected by patent rights are based upon (1) our model's prediction of the strength and breadth of the protection provided by the patent and (2) the Gross Domestic Product.
Are your patent valuations based upon actual sales numbers?
No. Our patent valuations are based upon (1) our model's prediction of: the strength and breadth of the protection provided by the patent, (2) the Gross Domestic Product, (3) the remaining enforceable term of the patent, and (4) an average corporate profit margin and an Internal Rate of Return.
How often do you update your data?
Our patent data is updated periodically, typically weekly. However, we continue to make minor additions, including backfills for missing data and revisions to calculated values, such as patent value, from time to time.
Does your patent valuation represent the value for which I could sell my
No. We do not represent that our patent valuation is an accurate estimate of the value for which you could sell your patent, or the value for which you could license your patent. Patent value, generally speaking, must account for the preclusive effect on your competitors in keeping them out of the market protected by your patent. That value cannot be quantified by conventional valuation theories, such as sales value or licensing value.
What should I do if I think your patent valuation is inconsistent with what
your model should predict?
Tell us, via email, and we will check it out and then get back to you.
What does it mean when my patent valuation is zero!
If your patent valuation is zero, it means one of two things. Either (1) the United States Patent and Trademark Office's data indicates that the patent is currently unenforceable or (2) our model has determined that the patent has expired. A patent may be unenforceable for a number of reasons, the most common of which is that the patent owner failed to pay the fees to maintain the patent's enforceability. An unenforceable patent is almost worthless, since it does not protect any market. An expired patent is a patent that was issued so long ago, that its term has run out. Patent terms are generally from 14 to 20 years, the actual term of each patent depends upon a variety of patent term laws. In addition, there are certain exceptions to the general patent term laws. If a patent falls under one of those exceptions, the term of the patent that our model calculates may be inaccurate.
When a patent valuation is purchased, what information do you keep?
We keep the customer name, address, city, state, zip,
country, credit card number, amounts, verification (AVS) and approval codes, the customer ID,
purchase date, numbers of the patents purchased, and the valuation of the patent provided. All
of the data is maintained in encrypted form. Copies of the individual patent valuation reports
are not kept and only current data is maintained on our system.
How long does it take to receive my patent valuation?
Your patent valuation should arrive in your email within a few minutes.
If it does not arrive within a few hours or so, please email to
giving us the name you registered under and your email. We will check to see that your order
was properly processed and the credit card approved and then email a copy of the patent
valuation report to you along with a message requesting
confirmation of receipt of the valuation report. We will do our best to get back to you within 24
hours if this occurs. This is an extremely unusual occurrence and
99.9% of our reports are emailed within a minute or two. The entire process is automated.
The United States Patent and Trademark Office indicates that the patent is enforceable, but
your valuation indicates that the patent is unenforceable. How could this happen?
This did happen, for the first time, in 2002. We purchase our patent enforceability data
from the United States Patent and Trademark Office. However, the data they sell is provided to
us only every few months and does not include their most recently received data. In addition,
the data provided by the Patent Office from time to time has errors in it. If you receive a
patent valuation in which you think the enforcebility status is incorrect, please let us know
via email and we will check it out.
What records are in your database?
Our database includes United States Utility patents, United States Design patents,
United States Reissue patents, United States Plant patents, and United States
published applications. The patent data goes back to patents issued in 1974. The
published application data goes back to about the beginning of 2003.
Does your valuation of a pending application generate a zero value?
No. Our valuation of patent applications do not provide zero
values. Our valuation of patent applications provide provisional
values. The valuations of patent applications are provisional because
the valuation model assumes that a patent will issue from the patent
application being valued without any amendment to the application.
Since the patent application may be amended prior to its issuance as a
patent, or since the U.S. Patent Office may find the invention defined
in the patent application unpatentable and not issue the application,
the valuation of patent applications is provisional.