1. The higher the technical content of a patent, the higher its value. High-tech patents are highly innovative and practical, which can bring more business opportunities and profits to the company.
The value of patent depends on the market demand. If the technology or product involved in the patent has a large market demand, the higher the value of the patent.
3. The value of patent is affected by competition. If similar patents or technologies already exist in the market, the value of patents will be reduced.
The patent is valid for 20 years. If the patent is about to expire, its value will be reduced accordingly.