What are the analytical dimensions of high-value patents?

What are the analytical dimensions of high-value patents? Patents should be assets that can bring commercial value. Patents can bring economic benefits to enterprises like other commercial tools, which is the tool value of patents. The following small series introduces you to the analysis dimension of high-value patents. Analysis dimension of high-value patents What is the analysis dimension of high-value patents? I. Technical Value Every patent contains technical solutions that can solve technical problems, but not every technical solution has practical application value. For example, when there is a better alternative technology, the patented technology can easily be eliminated or directly abandoned. High-value patents are not all patents with high technological advancement. For example, some advanced patented technologies are difficult to implement due to the lack of supporting technologies, and these patents are hard to be called high-value patents. In addition, high-value patents do not represent patents with high technical complexity, and relatively simple patents formed by some commonly used technologies may also become high-value patents. Second, the core of the legal value of patent right lies in the exclusiveness of patent. The patentee obtains monopoly interests and realizes the value of the patent by enjoying exclusive rights in a certain time and region. Patent right is a kind of private right in legal sense. Patents without legal protection are like eggs without shells and trees without soil. Therefore, the firmness of the legal protection of patent rights is the guarantee for the patented technology to realize its true value. Third, the market value can be divided into future market value and existing market value. It is expected that the patents that may be used in the market in the future belong to the potential patents with high market value. Fourth, strategic value patentees may not always be given clear strategic considerations when applying for patents. Most of them are due to the inertia of R&D process. A large number of patent applications are only general protection for minor innovations in R&D projects, and some patent applications are even just to enhance the influence of the patentee. These patents have general strategic value. V. Economic Value In the existing market value of a patent, the directly changed cash flow is the economic value that the patent can directly measure. Patents with high economic value include most patents with high market value, as well as other patents with high prices in the process of patent trading and operation, such as core patents focusing on the future market.