Method and system for rating patents and other intangible assets
First Claim
1. A computer-implemented automated method for enabling a user to access and operate a predetermined predictive computer model to score or rate a selected patent or group of patents in accordance with user-defined patent metrics, comprising:
- selecting a patent or group of patents to be rated;
obtaining by a computer system from a database for each selected patent or group of patents a substantial full-text computer accessible file of the written description and/or claims thereof;
extracting from each said file certain patent metrics, either predetermined or as selected or directed by said user;
inputting said patent metrics into said predictive computer model, said predictive computer model being operable to input said patent metrics and based thereon to calculate a corresponding output rating or probability that is generally predictive of a particular quality being present and/or an event occurring relative to the selected patent or group of patents, wherein said predictive computer model comprises a multiple regression model that correlates multiple individual predictor variables comprising said extracted patent metrics to one or more desired criterion variables comprising the corresponding output rating or probability; and
generating by the computer system a patent rating report for said selected patent or group of patents, said patent rating report including basic information identifying said selected patent or group of patents and said corresponding output rating or probability determined therefore;
wherein said patent rating report contains at least one reported rating or ranking that is generally representative of the breadth (“
B”
) or likely infringement of the selected patent or group of patents, at least one reported rating or ranking that is generally representative of the defensibility (“
D”
) or likely validity of the selected patent or group of patents, and at least one reported rating or ranking that is generally representative of the commercial relevance (“
R”
) or technical merit of the selected patent or group of patents.
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Accused Products
Abstract
A statistical patent rating method and system is provided for independently assessing the relative breadth (“B”), defensibility (“D”) and commercial relevance (“R”) of individual patent assets and other intangible intellectual property assets. The invention provides new and valuable information that can be used by patent valuation experts, investment advisors, economists and others to help guide future patent investment decisions, licensing programs, patent appraisals, tax valuations, transfer pricing, economic forecasting and planning, and even mediation and/or settlement of patent litigation lawsuits. In one embodiment the invention provides a statistically-based patent rating method and system whereby relative ratings or rankings are generated using a database of patent information by identifying and comparing various characteristics of each individual patent to a statistically determined distribution of the same characteristics within a given patent population. For example, a first population of patents having a known relatively high intrinsic value or quality (e.g. successfully litigated patents) is compared to a second population of patents having a known relatively low intrinsic value or quality (e.g. unsuccessfully litigated patents). Based on a statistical comparison of the two populations, certain characteristics are identified as being more prevalent or more pronounced in one population group or the other to a statistically significant degree. Multiple such statistical comparisons are used to construct and optimize a computer model or computer algorithm that can then be used to predict and/or provide statistically-accurate probabilities of a desired value or quality being present or a future event occurring, given the identified characteristics of an individual patent or group of patents.
168 Citations
38 Claims
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1. A computer-implemented automated method for enabling a user to access and operate a predetermined predictive computer model to score or rate a selected patent or group of patents in accordance with user-defined patent metrics, comprising:
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selecting a patent or group of patents to be rated; obtaining by a computer system from a database for each selected patent or group of patents a substantial full-text computer accessible file of the written description and/or claims thereof; extracting from each said file certain patent metrics, either predetermined or as selected or directed by said user; inputting said patent metrics into said predictive computer model, said predictive computer model being operable to input said patent metrics and based thereon to calculate a corresponding output rating or probability that is generally predictive of a particular quality being present and/or an event occurring relative to the selected patent or group of patents, wherein said predictive computer model comprises a multiple regression model that correlates multiple individual predictor variables comprising said extracted patent metrics to one or more desired criterion variables comprising the corresponding output rating or probability; and generating by the computer system a patent rating report for said selected patent or group of patents, said patent rating report including basic information identifying said selected patent or group of patents and said corresponding output rating or probability determined therefore; wherein said patent rating report contains at least one reported rating or ranking that is generally representative of the breadth (“
B”
) or likely infringement of the selected patent or group of patents, at least one reported rating or ranking that is generally representative of the defensibility (“
D”
) or likely validity of the selected patent or group of patents, and at least one reported rating or ranking that is generally representative of the commercial relevance (“
R”
) or technical merit of the selected patent or group of patents. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A computer-implemented method for rating a patent or group of patents, said method comprising:
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gathering by a computer system data comprising one or more selected metrics generally identifying and/or quantifying certain selected characteristics of said patent or group of patents to be rated; providing by the computer system said data as input to a mathematical rating model; using by the computer system the mathematical rating model to calculate a numerical score or rating based on the data input, said mathematical rating model being statistically determined such that said numerical score or rating is generally predictive of the probability of said patent or group of patents being maintained or abandoned in the future, wherein said mathematical rating model comprises a multiple regression model that correlates multiple individual predictor variables comprising said selected metrics to one or more desired criterion variables comprising the corresponding output rating and/or probability of the patents being maintained or abandoned; generating by the computer system a patent rating report for said selected patent or group of patents, said report including basic information identifying said selected patent or group of patents and said corresponding output rating or probability determined therefore; wherein said patent rating report is generated in response to an electronic request transmitted over a computer network and wherein said report is generated and displayed automatically without further human intervention; and wherein said patent rating report contains at least one reported rating or ranking that is generally representative of the breadth (“
B”
) or likely infringement of the selected patent or group of patents, at least one reported rating or ranking that is generally representative of the defensibility (“
D”
) or likely validity of the selected patent or group of patents, or at least one reported rating or ranking that is generally representative of the commercial relevance (“
R”
) or technical merit of the selected patent or group of patents. - View Dependent Claims (19, 20, 21, 22, 23)
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24. A computer-implemented method for scoring or rating a selected patent or group of patents comprising:
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accessing computer-executable instructions from at least one computer-readable storage medium; and executing the computer-executable instructions, thereby causing computer hardware comprising at least one computer processor to perform operations comprising; selecting a patent or group of patents to be rated; obtaining for each selected patent or group of patents a substantial full-text computer accessible file of the written description and/or claims thereof; extracting from each said file certain patent metrics, either predetermined or as selected or directed by said user; inputting said patent metrics into said predictive computer model, said predictive computer model being operable to input said patent metrics and based thereon to calculate a corresponding output rating or probability that is generally predictive of a particular quality being present and/or an event occurring relative to the selected patent or group of patents, wherein said predictive computer model comprises a multiple regression model that correlates multiple individual predictor variables comprising said extracted patent metrics to one or more desired criterion variables comprising the corresponding output rating or probability; and generating a patent rating report for said selected patent or group of patents, said patent rating report including basic information identifying said selected patent or group of patents and said corresponding output rating or probability determined therefore; wherein said patent rating report contains at least one reported rating or ranking that is generally representative of the breadth (“
B”
) or likely infringement of the selected patent or group of patents, at least one reported rating or ranking that is generally representative of the defensibility (“
D”
) or likely validity of the selected patent or group of patents, or at least one reported rating or ranking that is generally representative of the commercial relevance (“
R”
) or technical merit of the selected patent or group of patents. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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Specification