Patent monetisation: Making the most of your patents
While people and companies may have different reasons for pursuing and accumulating patents, it is fair to say that making money, directly or indirectly, is universally accepted to be a principal goal.
The term “patent monetisation” is a convenient generic shorthand label that has come to be accepted for such efforts. These efforts may involve one or more of several accepted approaches that are being successfully used by monetisation experts, who typically include patent attorneys and others who devote their careers to working with the various types of IP.
Strategies for patent monetisation
A variety of methods or modes exist for the monetisation of patents. These include court enforcement of patent rights against infringers, one or more forms of licensing, the sale or leasing of rights, pooling of patent rights, and attempting to obtain patents that cover an essential industry standard, to name a few.
There are monetisation brokers who are skilled in guiding patent owners through this process. While monetisation may be used with other forms of IP, this article focuses for the reader upon patent monetisation.
