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Quandary Peak Research accelerates growth with new patent monetization services.
Patent Licensing Trends
Patent licensing statistics: Key trends and insights for 2024.
End-to-End Patent/Technology Licensing Support refers to comprehensive services that assist inventors, businesses, and organizations in managing the entire lifecycle of patent and technology licensing. This includes identifying licensable technologies, conducting IP valuation, negotiating licensing agreements, and ensuring compliance with legal and regulatory requirements. The goal is to maximize the commercial potential of intellectual property (IP) while minimizing risks and inefficiencies.
Evaluating existing patents or technologies to determine their licensing potential.
Identifying potential licensees, industries, or markets for the technology.
Determining the monetary value of a patent or technology for licensing purposes.
Crafting tailored strategies for exclusive, non-exclusive, or cross-licensing agreements.
Preparing licensing agreements and negotiating terms with potential licensees.
Proper licensing strategies ensure that patents generate revenue and remain commercially viable.
Licensing agreements can prevent infringement disputes and reduce litigation costs.
Licensing allows patent holders to enter new markets without significant investment.
Ensuring licensing agreements meet USPTO and legal standards avoids future complications.
Stanford University’s licensing of the Google search algorithm generated over $300 million in royalties.
Companies like Samsung and Apple engage in cross-licensing agreements to avoid litigation and share technologies.
The intellectual property licensing industry in the United States has grown at a compound annual growth rate (CAGR) of 0.4% over the past five years, reaching an estimated $66.0 billion in 2024. Read more.
In 2023, China reported 15,603 patent licensing contracts involving 36,794 patents, with invention patents accounting for 45.3% and utility model patents for 44.7%. The average contract involved 2.4 patents, with 39.4% of contracts paid for fixed or convertible amounts and 7.0% by royalties. Read more.
Quandary Peak Research accelerates growth with new patent monetization services.
Patent licensing statistics: Key trends and insights for 2024.