Why a Patent Portfolio Fails to Find Licensing Opportunities?
Be it in a shopping mall or on an ecommerce platform, we always look for a vendor offering a same product/service at somewhat lower price. Isn’t it?
And similar things happen in drafting and prosecuting patents. A lowest cost provider usually wins the business.
Result: The owner employing low cost solution builds a huge patent portfolio. But the question is: does the low cost solution pays off in the future?
Eric Halber, IP litigation and enforcement attorney with 20+ years of experience, answered this question and shared his experience of patent monetization on our blog recently.
“A large percentage of patents available to the market over the past decade or so have not produced any licensing opportunities or generated revenue for their owners”, says Eric.
Why it is so?
Eric has explained the cause as well as remedy in his article which you can read from here: http://www.greyb.com/patent-monetization-mistakes-and-strategies/