System and method for valuing patents

• US 7,676,375 B1
• Filed: 05/04/2000
• Issued: 03/09/2010
• Est. Priority Date: 06/04/1999
• Status: Expired due to Fees

• Current Assignee: Innovationq LLC
• Original Assignee: Stockpricepredictor.Com, LLC
• Inventors: Neifeld, Richard Alan, Goffman, Martin
• Primary Examiner(s): CHAMPAGNE, DONALD
• Application Number:
  US09/979,976
• Time in Patent Office: 3,596 Days
• Field of Search: 705/1, 705 10- 44, 705/36.R
• US Class Current: 705/310
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/184 Intellectual property management

Abstract

A computer system implementing a macro economic model based upon macroeconomic data and relative value characteristics data of patents that determines nominal values for (1) goods and services and (2) profits generated by sales that are covered by the rights of a patent, implements an income value theory to value the patent based upon the predicted values of profits or goods and services covered by the patent, determines patent terms from patent filing, publication, and issue dates, determines patent assignees from patent data, and uses the value of a company'"'"'s patents, the patent issuance data and term date data, to determine trends versus time in: the number of a company'"'"'s enforceable patents; the number of a company'"'"'s patents obtained; the nominal value of net earnings and of goods and services sold that are covered by the company'"'"'s patents; the nominal value of the sum of the company'"'"'s patents, and provides comparisons of those trends between companies, regions, and economic sectors, providing the results of the analysis to users of the computer system. The computer system employs a user database enabling a novel electronic accounting model enabling payment by affiliates, programmed securities trading, and accrediting of investors.

Claims

1. A computer implemented method comprising the steps of:

determining, using a first computer system, a first CF of a first patent;

wherein said determining comprises;

configuring said first computer system to solve an equation for CF, said equation for CF defining CF as a function of variables including a MED and patent data, wherein said patent data includes a measure of length of a claim;

storing, in a database associated with said first computer system, said MED and said patent data;

accessing, using said first computer system, said database to retrieve first patent data for said first patent and said MED to a processor of said first computer system;

solving said equation for CF for said first patent, using said first computer system and said first patent data for said first patent and said MED;

and

displaying, using a second computer system, an indication for said first patent based based at least upon the value of said first CF.

2. The method of claim 1 wherein said MED is GDP.

3. The method of claim 1 wherein said step of determining further comprises:

solving for said value of said CF for said first patent in an equation equating said MED to a sum of values of said CF for substantially all patents for which data exists in said patent data.

4. The method of claim 1 wherein said step of determining comprises determining a relative value number for each one of substantially all patents for which data exists in said patent data.

5. The method of claim 4 wherein each said relative value number is a measure of at least one characteristic intrinsic to the corresponding patent.

6. The method of claim 5 wherein said at least one characteristic includes a length of an independent claim.

7. The method of claim 5 wherein said at least one characteristic includes a number of independent claims.

8. The method of claim 5 wherein said at least one characteristic includes a measure of a length of a section of said patent.

9. The method of claim 5 wherein said at least one characteristic includes a number of claims.

10. The method of claim 1 wherein said step of determining comprises solving for said value of said CF for said patent in an equation equating said MED to a constant times a sum of relative value numbers for substantially all patents.

11. The method of claim 1 further comprising the steps of:

determining a valuation for said first patent based in part upon said value of said CF for said patent; and

displaying an indication based upon said valuation for said first patent.

12. The method of claim 11 wherein said valuation is based upon income valuation theory.

13. The method of claim 12 wherein said valuation is based upon an internal rate of return.

14. The method of claim 11 further comprising the steps of:

determining a valuation for a portfolio of patents including said first patent; and

displaying an indication for said portfolio based upon said valuation.

15. The method of claim 1 wherein said equation defines said value of said CF of said first patent as a function of variables including a relative patent number for a different patent.