When measuring patent quality, different indicators are taken into account. An indicator is measurable information that can be found in the bibliographic data of a patent directly or in combination with other, non-patent bibliographic data (hybrid indicator). In literature some patent quality-related indicators have been introduced, i.e. the amount of foreign patents citing a certain patent (forward citations or “cited-by”), the family size, the amount of oppositions, the duration from application to grant, the backward citation or the amount of claims. All these indicators are taking external facts into account that become measurable after a patent has been filed and published.
Today, the major part of the value of a company - on average over 80% - consists of intangible assets. Patents are among the "most tangibles among the intangibles": they can be borrowed, sold, licensed, for example. Companies use them to protect innovations from imitation and as a strategic instrument to keep competitors out of the market or to ensure a strategic balance of power.
Accordingly, patents also allow a deep insight into the R&D activities of companies and reveal much about the planned future and potential capabilities. However, this requires a quality measurement or, even better, a value assessment in order to obtain reliable information. The sustainability efforts of companies can also be supported, substantiated or questioned with patent value analyses.
Our Patent-Insider-Blog compiles interesting information, tips, news and hints extracted from patent values for you.