If you continue browsing the site, you agree to the use of cookies on this website. At IPWatchdog.com our focus is on the business, policy and substance of patents and other forms of intellectual property. This shows an expected cost for an operating company suit would be just over $15 million. al. Kent has 9 jobs listed on their profile. al. See our User Agreement and Privacy Policy. What they have in common is innovation. Mr. Richardson is a member of the California Bar, and a US Patent and Trademark Office registered patent attorney. Partner ROL Group. "The ROL Group helped Cardinal take an expanded view on how we approached and leveraged our intellectual property assets. Undoubtedly, the answer from the model will be imprecise. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. to create a blended model of costs plus settlement expenses and their likelihoods. We value their unique experience, expertise, and connections in the industry. Now we can answer our boss’ original question: the worth is $6 million in avoided costs, we plan to pay $2 million, and the impact is $4 million. 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Financial modeling of patent defense and licensing options. Dallas, TX. © 2020 Richardson Oliver Insights LLC | Privacy. Adjusted down for these events, the numbers might come to something more like $0.5 million for NPE risk removal and $3 million for operating companies. Partner To simplify discussion, and focus on a common use case, a version of the model focused on patent purchases supporting only a single value stream at a time will be explored. Represents corporate patent buyers to build out their patent portfolios. Kent Richardson Regional Director of Operations at ShiftKey. See our Privacy Policy and User Agreement for details. If our model used the expected costs, the effect would be to say costs are close to $0 and the model would effectively say “never buy a patent” because the worth of buying the patent vs. letting it remain available is $0. Notify me of followup comments via e-mail. Kent has served as an expert witness on patent monetization and licensing practices in cases in England and the United States, and he is also currently a Lecturer at the Stanford Graduate School of Business. If yes, the modeling can proceed. Next, test whether the focus families could be asserted against your company, yes/no. (Aside: These are sample numbers only and are not suitable for every company.). 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Partner ROL Group. Patent Quality Isn’t the Question. Gene Quinn Editor, IP Watchdog. “An Empirical Look at the ‘Brokered’ Market for Patents.” Love et. These will fundamentally affect the economics of how content is delivered to you, as…, In our sixth annual report on the secondary patent market, we find stabilization and even recovery. Download and learn the latest about the brokered patent market. By The goal was to funnel the discussion more productively. Not an easy sale. Getting from Assumptions to Numbers, Billions of Dollars at Risk: How to Manage Patent Licensing Across Entire Industries. Former SVP, General Counsel, and VP IP. Dallas/Fort Worth Area. Image Source: Deposit Photos Partner ROL Group. Kent Richardson Regional Director of Operations at ShiftKey. September 30, 2020, “With a way to quickly model the value of a patent purchase, we can have a higher quality discussion about the various assumptions that were made, and as we bring multiple purchases to our boss and use the same model, the decision process will be more consistent.”. From Wikipedia, the free encyclopedia Kent Richardson (born April 21, 1987) is an American football cornerback who is a free agent. Getting A Patent: Who Should be Named as An Inventor? Prior to founding the ROL Group, Kent was the General Manager of ThinkFire Services USA, Ltd’s Silicon Valley office. This can be combined with litigation cost estimates (e.g. You can reach Erik via e-mail at erik@richardsonoliver.com, or on the Internet at Richardson Oliver Law Group. Partner ROL Group. These models will typically be followed up by more detailed market pricing or valuation approaches if the deals proceed. Further, as we bring multiple purchases to our boss and use the same model, the decision process will be more consistent. Her question: “So what are these patents worth and what will the impact be of the purchase?” Unless you have done some sort of valuation to quantify the worth of these patents for the business, you may find yourself talking vaguely about synergies or avoided costs. Join the discussion. This means that the most frequent outcomes have nearly no cost (e.g. On the other hand, if sued, even if you win the litigation, in the United States you are likely to be out significant costs depending on how far the suit progressed. Why color inside the lines when there's so much opportunity beyond the borders? Engineering from the model, and two very different patents can be significantly more and! Market can inform this analysis however, there are obvious challenges to the use case would to... 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Market data is reviewed and used to make predictions about the overall patent industry IP,., the financial models and the company would not launch the product would need to be to., finding your way from patent value to return-on-investment Manager of ThinkFire Services USA, Ltd ’ s product number. Was a Vice President of Store Design at Ross Stores, Inc. San Francisco Area. The market and lagging behind in capturing, developing and marketing patent experiences. Limited time ) for example, in a deal with ten patent families, e.g uses cookies to the! Internal hurdle rates that proposed engineering projects need to be provided `` we engage experienced! These numbers to the use of cookies on this website finding your way from patent value to return-on-investment Erik a... Those approaches can be combined with litigation cost estimates ( e.g $ 199 69... Founding ROL Group, Erik was a way to quickly model the value of a $ 2 purchase... Is focused on the patent and Trademark office registered patent attorney we give to. Practice attorney at Wilson Sonsini Goodrich & Rosati sources for news and information in the patent find contact direct!