Table 1

Dimensions and questions for patent assessment

A legal valueCriteria
A1 – Patent StatusWhat is the status of the patent?
A2 – Strength of Legal PositionHow strong is the legal status of the patent?
A3 – Patent ValidityFor how long the patent will remain valid?
A4 – Scope of the ClaimsWhat is the breadth and scope of the patent claims?
A5 – Geographical CoverageDoes the geographical coverage of the patent include the relevant markets?
B – Technological valueCriteria
B1 – Uniqueness of TechnologyIs the invention a unique technology?
B2 – Superiority to Replacement TechnologyIs the invention technically superior to the substitute technology?
B3 – Testing levelHow well has the invention been tested?
B4 – Time to MarketHow long does it take before patented technology can be commercially viable?
B5 – Production of Copies, TamperingAre tamper copy products easy to identify and produce?
B6 – License Agreement DependencyDoes the deployment of the technology depend on license agreements with third parties?
C – Market conditionsCriteria
C1 – Market OptionsWhat are the market options for the technology?
C2 – Market growth rateWhat is the market growth rate of the business area where the patent is used?
C3 – Life Expectancy of the PatentWhat is the life expectancy of the patent in the market?
C4 – Competitive ProductsAre there competitive substitute products active on the market?
C5 – Permission/LicencesDo commercial activities require special permits/licenses?

Source(s): Soares (2018) 

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