Abstract
Since the 1990’s, intangible assets such as patents have taken on importance in organizations and, as a result, several stakeholders are increasingly concerned about protecting, valuating, commercializing and negotiating technologies developed by patenting processes. This study aims to establish Minimum Qualitative Variables (MQVs) to support the valuation of patents by technology-based firms. The method to determine the MQVs was qualitative and based on a correlation matrix between MQVs identified in the literature and those suggested by experts. The results indicate that identifying such variables, especially the legal kind, is crucial to the valuation process because they suggest the possibility of producing and commercializing the technology in a given geographical context.
Highlights
A patent is a legal document issued by a government that grants a temporary right limited to a geographic area to inventors for technical solutions to specific problems, new or improved products or processes
The minimum qualitative variables for patent valuation processes proposed in this study were based on the interpretation of the data recollected in the methodological process
The first column lists the theoretical qualitative variables; the second, the category the variable belongs to according to IPscore®2.22 (European Patent Office, 2010); and the third, the responsible for providing the information of that variable
Summary
A patent is a legal document issued by a government that grants a temporary right limited to a geographic area to inventors for technical solutions to specific problems, new or improved products or processes. It prevents others from copying, using, producing, distributing or selling the solution without the permission of the patentee. It requires tools or orientation that help determine a value as accurately and objectively as possible This means that valuating industrial property, such as patents, is required by the patentee as well as those interested in exploiting it in order to make commercial, financial and administrative decisions that lead to profit growth
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