90% patents get voluntarily abandoned. They don’t get implemented. They don’t even find any licensing opportunity. Does that mean those 90% patents are useless? No. Some of them can be, but not all. Most among those 90% patents don’t find monetization opportunities because of the blunders committed by the patent owner. And if you’re looking for monetizing your patent portfolio, you need to avoid these blunders at all cost. Otherwise, your patent may join the league of those 90%. Below I have compiled a list of 7 such patent monetization blunders that you should avoid for extracting highest possible value from your patent portfolio.

1. That cost you a
Mistakes
In patent monetization
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FORTUNE

2. Are you looking to monetize your IP assets?

3. People often get troubled choosing the right
path when comes patent monetization.

4. And make mistakes, which cost them a
FORTUNE.

5. Here are few blunders you should avoid to get
the most value out of a deal

6. Wrong Claim Construction:
If you're not considering right claim interpretations, how
would you monetize it to a right industry?

7. Solution:
Do not ignore the file wrapper of the patent.

8. Solution:
Do not ignore the file wrapper of the patent.
Broad interpretations can cause problems.

9. Solution:
Do not ignore the file wrapper of the patent.
Broad interpretations can cause problems.
Patent understanding should be appropriate.

10. Solution:
Do not ignore the file wrapper of the patent.
Broad interpretations can cause problems.
Patent understanding should be appropriate.
Priority date is the soul of the patent.

11. Inexperienced IP consulting firm:
Monetizing IP assets is strategically complicated
assignment to carry on your own.

12. Solution:
Contacting the appropriate IP consulting firm with
hands on experience.

13. Choosing wrong targets
for litigation/licensing
Do you know whom to target for litigation and licensing?
No? Then, you're not ready for monetization.

14. Solution:
Don’t target small players

15. Solution:
Don’t target small players
Don’t skip competitors

16. Solution:
Don’t skip competitors
Don’t target small players
Consult an IP firm

17. Wrong understanding of a
product
Not spending enough money before entering into a market
is something many inventors fall prey to.

18. Solution:
Spend some money to understand
the market.

19. Solution:
Spend some money to understand
the market.
Go for Reverse engineering projects,
products testing, or software decoding.

20. Assumptions are dangerous
A faulty assumption can make you regret for the lifetime !
Hence, you should avoid

21. Dangerous Assumptions:
1. Assuming broad definitions of crucial claim elements

22. Dangerous Assumptions:
1. Assuming broad definitions of crucial claim elements
2. Assuming the market of the overlapping product

23. Dangerous Assumptions:
1. Assuming broad definitions of crucial claim elements
2. Assuming the market of the overlapping product
3. Assuming Doctrine of Equivalence without facts

24. Before monetizing your IP, Ask yourself
these questions:
What do I want to do with my patent/portfolio?

25. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Is selling a good option?

26. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Can this survive in court if go for litigation?
Is selling a good option?

27. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Can this survive in court if go for litigation?
Should we go for licensing?
Is selling a good option?

28. Ask yourself these questions before going
into a monetization.
What do I want to do with my patent/portfolio?
Can this survive in court if go for litigation?
Should we go for licensing?
Can this portfolio be augmented with the existing
inventions in market?
Is selling a good option?

29. Avoiding the above discussed mistakes help
extracting maximum value from your IP.

30. To read the full article
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