A patent for an object of intellectual property grants certain types of rights, the patent owner has an exclusive right, and the author has the right of authorship.
The assessment of a patent is carried out in relation to the exclusive right, since only exclusive rights have a market value and commercial interest.
Appraisal of a patent is necessary for the analysis and accounting of the intangible assets of the enterprise, which includes intellectual property as an intangible asset, which in turn forms part of the capitalization of the enterprise.
There are several different approaches for evaluating a patent:
Market approach. In this approach, in order to evaluate a patent, it is compared with similar objects of intellectual property used in approximately the same area of business. They compare the volume and features of legal rights for similar objects, as well as features of the direction and development of business, functional and technological characteristics and features of financial transactions.
Costly method. According to this method, the costs incurred due to the creation, purchase, production, protection and organization of the terms of sale of the object of interest are calculated. This method is used to evaluate objects that require a lot of time and capital investment to create.
Income method. This method depends on the sources of future income and their sustainability. According to this method, profit is calculated in different periods of use of the intellectual property object.