Patent Valuation : Improving Decision Making Through Analysis

A practical resource for valuing patents that is accessible to the complete spectrum of decision makers in the patent process

In today's economy, patents tend to be the most important of the intellectual property (IP) assets. It is often the ability to create, manage, defend, and extract value from patents that can distinguish competitive success and significant wealth creation from competitive failure and economic waste. Patent Valuation enhances the utility and value of patents by providing IP managers, IP creators, attorneys, and government officials with a useable resource that allows them to use actual or implied valuations when making patent-related decisions.

• Involves a combination of techniques for describing patent valuation
• Includes descriptions of various topics, illustrative cases, step-by-step valuation techniques, user-friendly procedures and checklists, and examples
• Serves as a useable resource that allows IP managers to use actual or implied valuations when making patent-related decisions

One of the most fundamental premises of the book is that these valuation skills can be made accessible to each of the various decision makers in the patent process. Patent Valuation involves narrative descriptions of the various topics, illustrative cases, step-by-step valuation techniques, user-friendly procedures and checklists, and an abundance of examples to demonstrate the more complex concepts.

William J. Murphy, is a Professor of Law and the Chair of Commerce and Technology Law Graduate Program at the University of New Hampshire School of Law (formerly the Franklin Pierce Law Center, one of the top law schools for intellectual property).  Murphy co-founded UNH Law's Intellectual Property Valuation Institute and currently serves as Director of the Institute.  After law school he was an antitrust trial attorney for the Federal Trade Commission's Bureau of Competition before continuing his education at the Harvard Business School.  During business school he was a contributing founder of an educational software company and global pharmaceutical clinical trials company.  He has taught graduate and undergraduate courses at Harvard in the Extension and the Radcliffe Seminars Programs, and in the College of Management at the University of Massachusetts-Boston.  He has been a Visiting Professor of Economics at Dartmouth College and a Fulbright Scholar at University College Cork, Ireland.  He was the founding partner of the IP boutique law firm Frankel, Murphy and Ogden before joining the faculty at UNH Law.  He is the author of R&D Cooperation Among Marketplace Competitors (Quorom, 1990).  Murphy earned a JD degree from Pennsylvania State University's Dickinson School of Law and he holds Masters and Doctorate degrees from Harvard University's Graduate School of Business.