Patent Due Diligence Services
About the service
Businesses all over the world are making significant investments in growing their patent portfolios, and only through efficient portfolio management can the true value proportion of this IP investment be determined. Businesses must make use of their patent portfolio in order to capitalize on market opportunities that arise from the exploitation of their patent-protected technologies. Effective services assist these businesses in locating important patents within their massive portfolios and offering strategies for licensing and litigation to make money off of these inventions. In order to acquire patents that meet specific requirements, we help businesses that are searching for them find them. In its broadest definition, patent mining serves the straightforward goal of mining a particular group of patents that correspond to the technical and/or business-specific constraints that clients have specified.
Methodology
The following actions are taken in order to mine patents:
Definition and Prioritization of the Technology Domain
We are aware of how important it is to give our clients the most value while also minimizing expenses. Based on specific criteria, we have created a rating system for locating important patents within a sizable portfolio. Both objective and subjective factors are used in this score system, including market segment and size, number of independent claims, claim length, detectability of overlap, and forward citation.
Manual Resolution
We may also offer a fully manual method for ranking patents analysis, where the rating is determined by a fully manual analysis, depending on the demands of the client. All of the factors used in the semi-automated approach are included in this type of study, but it also includes more subjective parameters like the number of office action answers, the number of overseas family members, the remaining life, and the availability of living family members.
Why Choose us?
At Effectual Services, we offer a comprehensive and proven approach to patent bucketing and ranking that sets us apart as the preferred choice for organizations seeking to unlock the full potential of their intellectual property assets. Here are compelling reasons to choose us
Expertise In Patent Analysis
Our team comprises seasoned experts in patent analysis and intellectual property management. We bring years of experience and in-depth knowledge to the table.
Customized Solutions
We understand that every client is unique. Our approach is tailored to your specific objectives and requirements, ensuring that the bucketing and ranking process aligns perfectly with your goals.
Comprehensive Taxonomy Development
We excel in creating comprehensive taxonomies that serve as the foundation for categorizing your patents accurately. Our structured approach ensures clarity and precision.
In-Depth Analysis
Our thorough analysis goes beyond surface-level categorization. We delve deep into each patent, considering both objective and subjective parameters to provide a holistic assessment.
Proprietary Ranking Models
Leveraging our proprietary ranking models, we assess patent value with precision. Our models consider a wide range of factors, enabling us to identify high-potential patents effectively.
Proven Success Stories
Our track record is a testament to our capabilities. We've helped numerous clients streamline their patent portfolios, making informed decisions about licensing, acquisition, and strategic management.
Cost-Effective Solutions
We understand the importance of cost optimization. Our solutions are designed to deliver maximum value while respecting your budget constraints.
Case Study
We were contacted by a company looking to enter a new market with the goal of purchasing a portfolio of patents from a business already involved in that market. Our painstaking procedure comprised a comprehensive manual review, accounting for important elements like the patents’ remaining lifespan, the presence of overseas family members, and office action responses. We were quite discreet about the possible investment objectives during this procedure.
The comprehensive patent rating analysis we provided was essential in enabling the company to make wise choices. In the end, it increased the total value of their intellectual property holdings by enabling them to strategically target and prioritize the acquisition of high-quality patents. The customer expressed gratitude to us for our important efforts.
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FAQs
What is patent bucketing and ranking?
Patent bucketing and ranking is a strategic process that involves categorizing a company’s patent portfolio into specific technology segments and then assessing the patents within those segments to determine their value and potential.
Why is patent bucketing and ranking important?
Patent bucketing and ranking are essential for companies with large patent portfolios to effectively manage their intellectual property assets. It helps identify high-value patents for licensing or strategic partnerships while minimizing maintenance costs on low-value patents.
How does patent bucketing work?
Patent bucketing involves creating a comprehensive taxonomy that classifies patents into specific technology areas. This taxonomy serves as a framework for organizing and analyzing patents based on their technological relevance.
Can patent bucketing and ranking help reduce maintenance costs?
Yes, by identifying and categorizing low-value patents, you can prioritize which patents to maintain and which to divest, thereby reducing overall maintenance expenses.
What are the key parameters considered in patent ranking?
Parameters for patent ranking may include forward citations, patent age, market relevance, the technology’s growth potential, and more, depending on the chosen ranking methodology.
How often should a company perform patent bucketing and ranking?
The frequency of patent bucketing and ranking can vary based on a company’s needs and the evolving nature of its patent portfolio. Annual or biennial assessments are common.
