About the service
The process of carefully analyzing a company's patent portfolio is called patent due diligence. It audits the quantity and the quality of IP assets owned by or licensed to a company, business, or individual. In other words, Patent due diligence is a method of closely reviewing a patent portfolio and status. A strategy in technology development and patent portfolio management should include due diligence review. Such review would evaluate the intellectual property (IP) of others to gain "freedom to operate" in a given technology field. Due diligence may also occur in evaluating patent portfolios, such as in a corporate transaction that may involve patent acquisition or the sale of a company.
Methodology
To identify promising IP assets for Licensing or Acquisition activities, Effectual Services collaborates closely with their clients to ranking these patent based on our proprietary or client specified ranking models. The output of such a scoring model eventually ranks patents as High, Medium and Low. The ranking methodology can be of two types –
Step 1
Semi‐automated solution
We understand the need of optimizing costs for our clients and of delivering maximum value to them. We have developed a scoring system for identifying key patents from a large portfolio, based on certain parameters. This scoring system takes into account both objective and subjective parameters such as forward citation, number of independent claims, claim length, detect ability of overlap, market segment and size, etc.
Step 2
Manual solution
Depending on the client’s needs, we can also provide an entirely manual approach for ranking patents analysis, wherein the scoring is based on a completely manual analysis. Such an analysis does include all the parameters used in semi‐automated approach, but also the analysis is extended to more subjective parameters, such as, remaining life, number of foreign family members, availability of alive family member, number of office action responses, etc.
Why Choose us?
At Effectual Services, we offer a comprehensive and proven approach to patent bucketing and ranking that sets us apart as the preferred choice for organizations seeking to unlock the full potential of their intellectual property assets. Here are compelling reasons to choose us
Expertise in Patent Analysis
Our team comprises seasoned experts in patent analysis and intellectual property management. We bring years of experience and in-depth knowledge to the table.
Customized Solutions
We understand that every client is unique. Our approach is tailored to your specific objectives and requirements, ensuring that the bucketing and ranking process aligns perfectly with your goals.
Comprehensive Taxonomy Development
We excel in creating comprehensive taxonomies that serve as the foundation for categorizing your patents accurately. Our structured approach ensures clarity and precision.
In-Depth Analysis
Our thorough analysis goes beyond surface-level categorization. We delve deep into each patent, considering both objective and subjective parameters to provide a holistic assessment.
Proprietary Ranking Models
Leveraging our proprietary ranking models, we assess patent value with precision. Our models consider a wide range of factors, enabling us to identify high-potential patents effectively.
Proven Success Stories
Our track record is a testament to our capabilities. We've helped numerous clients streamline their patent portfolios, making informed decisions about licensing, acquisition, and strategic management.
Cost-Effective Solutions
We understand the importance of cost optimization. Our solutions are designed to deliver maximum value while respecting your budget constraints.
Executed more than 50+ patent due diligence services.
Call to ActionCase Study
A corporation seeking to venture into a new industry approached us with the intention of acquiring a patent portfolio from a company operating within that sector. They enlisted our services to perform a comprehensive patent ranking assessment for the target portfolio. Our diligent process involved a thorough manual evaluation, taking into account critical factors such as the remaining lifespan of the patents, the presence of foreign family members, and responses to office actions. Throughout this process, we maintained strict confidentiality regarding the potential investment targets.
The extensive patent ranking report we delivered played a pivotal role in equipping the corporation to make well-informed decisions. It enabled them to strategically target and prioritize high-quality patents for acquisition, ultimately bolstering the overall value of their intellectual property holdings. We received expressions of appreciation from the client for our valuable contributions.
FAQ
Patent bucketing and ranking is a strategic process that involves categorizing a company's patent portfolio into specific technology segments and then assessing the patents within those segments to determine their value and potential.
Patent bucketing and ranking are essential for companies with large patent portfolios to effectively manage their intellectual property assets. It helps identify high-value patents for licensing or strategic partnerships while minimizing maintenance costs on low-value patents.
Patent bucketing involves creating a comprehensive taxonomy that classifies patents into specific technology areas. This taxonomy serves as a framework for organizing and analyzing patents based on their technological relevance.
Patent ranking involves assessing the strength and value of patents within specific technology segments. This assessment can be done using either a semi-automated approach or a manual analysis, depending on the client's needs.
The benefits include better portfolio management, cost reduction, identification of valuable patents for licensing or acquisition, and improved decision-making regarding intellectual property assets.
A semi-automated ranking approach uses predefined criteria and algorithms to assess patent strength. It combines both objective and subjective parameters to generate rankings efficiently.
A manual ranking approach is suitable when a more in-depth and nuanced analysis of patents is required. It involves human experts evaluating patents based on a broader range of criteria, including subjective factors.
Yes, patent bucketing and ranking can be beneficial for businesses of all sizes. It helps startups and small businesses optimize their patent portfolios and make informed decisions about their intellectual property assets.
Effectual Services offers expertise in patent portfolio management, including bucketing and ranking services. We work closely with clients to tailor our approach to their specific needs, ensuring that their intellectual property assets are maximized.
Yes, by identifying and categorizing low-value patents, you can prioritize which patents to maintain and which to divest, thereby reducing overall maintenance expenses.
Parameters for patent ranking may include forward citations, patent age, market relevance, the technology's growth potential, and more, depending on the chosen ranking methodology.
The frequency of patent bucketing and ranking can vary based on a company's needs and the evolving nature of its patent portfolio. Annual or biennial assessments are common.
Competitive Intelligence & IP Watch
Patent Licensing
Patent Landscape Analysis
Portfolio Management
