How to evaluate IP value from patent lawyer Nigeria

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How to evaluate IP value from patent lawyer
Nigeria Patent
Valuation 101

• A.A.Tejuoso Co.

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Intellectual Property Rights Lawyer

• One of the most important aspects of running a
  company is protecting your intangible assets,
  referred to as intellectual property. Patent
  valuation signifies an integral part of a
  companys assets, but is often hard to value. As
  a business owner or an entrepreneur, how should
  your intellectual property rights be protected?
  How much should a patent lawyer Nigeria bill you?
  Read on to find out more.
• Pricing strategies that are considered within the
  free, yet undependable classification include the
  following
• Patent pricing based solely on a portfolio size
  multiplied to a fixed multiple, pricing based on
  the number of bids and tenders filed on a certain
  period, times a fixed multiple and a cost-based
  pricing based on the value of each patent you
  paid for. Some of these include the research and
  development quote, patent office fees by the
  intellectual property rights lawyer and other
  legal fees imposed.

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Patent Lawyer Nigeria IP Valuation

• These are the kind of pricing strategies which do
  not come with too much legalities and
  technicalities. However, these are not as
  accurate as the other valuation procedure.
• The services of a patent lawyer Nigeria can be
  complicated, exclusive and pricey to obtain but
  will guarantee a more concise valuation for the
  IP. If youre thinking of hiring one, you need to
  know some of the common practices of how
  professional IP valuation is usually done
• Valuation based from market rates. This is a
  procedure that utilizes like-for-like analysis
  and benchmarking which typically works for larger
  portfolios.

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Patent Lawyer Nigeria IP Valuation

• Another way is through income-based assessment,
  which is often tagged as the most consistent and
  most widely used appraisal. This works by first
  introducing a royalty fee by plotting the patent
  onto a product and determining what percentage of
  the product will be covered by the certain
  patent. Using the obtained royalty rate the unit
  price and units sold will then be multiplied to
  come up with a valuation.
• The third way to assign a monetary value to an IP
  is through cost. The cost-based analysis takes
  into consideration the total capital expenditure
  and development fees that were incurred in
  putting up the business from which the IP comes
  from.

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Patent Lawyer Nigeria IP Valuation

• In the end, obtaining a realistic patent
  valuation for your asset is important because
  this will also be reflected on your balance
  sheets. The higher the assets, the more valuable
  your company will be. Hire only the best patent
  lawyer Nigeria for your companys best interests.
  

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• The Royal Chambers, 23/29 Abibu Oki
  Street, P.O. Box 8842, Lagos, Nigeria ,
  Fax [phone] , Shift Number 234 1 264
  3024, Emaillawyer_at_tejulaw.com