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I’ve got my name on about a dozen US patents which translates into hundreds of worldwide patents. To me setting the minimum value at 0 seems arbitrary and almos
by yaur 3y ago
I’ve got my name on about a dozen US patents which translates into hundreds of worldwide patents. To me setting the minimum value at 0 seems arbitrary and almost certainly wrong.
From my experience what ends up happening is that every time a patent office comes back with some sort of response I end up having to stop doing productive work to deal with it while being paid my normal hourly rate. Plus lawyers etc. my best guess is that the net value of each of those patents is closer to -100k$ than it is to 0.
- AlbertCory 3y agoInteresting. My own experience is that lawyers never bother the engineers for Office Actions. They just handle it themselves, since it's usually pretty rote. In fact, they don't even tell you when they abandon it! Taking up too much engineer time is a good way for them to lose future business.
- AlbertCory 3y ago> which translates into hundreds of worldwide patents Possibly. Every country costs a ton of money, so they don't necessarily file worldwide on all of them. There's no such thing as an "worldwide patent." At most a part of the cost by saved by Patent Cooperation Treaty filings.