If any one can let me know the price of an average patent in NLP means language based products -selling price.
If any Indian software professional wants to sell patents of his algorithm or product on Natural Language Based Product like parser, search engine or word processor in US or Europe how much generally the software companies pay for a patent developed by an Individual outside their organization. I am not asking about the price paid by giants like IBM or Microsoft but general or average price. And what is the market potential for these patents?
Tagged with: algorithm • europe • giants • indian software professional • microsoft • natural language • patent • patents • search engine • software companies • word processor
Filed under: Search Engine Marketing Professional
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This is all down to negotiation.
The value of a patent depends on the revenue the company expects to make with the product using the patent and the importance of the patent for the product. Annual revenue can range from thousands to millions.
The value of software patents is a bit questionable. In Europe software patent have no standing. In the US, software patents do have standing, but a recent supreme court decision has increased the "obviousness" bar significantly and may foreshadow the invalidation of software patents in general.
I’m the "proud" (co)author of six software patents and patent applications. The company I work for uses them largely as protection. The patents have yet to make a single cent.