Why are patents perceived to be of equal value at the time of filing?

Minneapolis patent attorney Steve Lundberg, founding shareholder of Schwegman Lundberg & Woessner explains how when patents are initially filed, they are perceived to be of relatively equal value. But over time, actual value changes dramatically until most of the value is concentrated in relatively few patents.

Contact Steve Lundberg

Email: [email protected]

Phone: (612) 373-6902

Transcript:

But you know, when inventions are picked for filing in patents there are certain set of criteria that typically are met. You know, the patent or the invention typically would involve a technology that’s important to the company at the time that it’s filed. It would be an invention that is for any number of reasons be important, one of could be that’s it’s important to a competitor or it’s important to the company to protect its own product line. And generally speaking companies rarely file a patent on any invention that isn’t perceived to have a substantial amount of value to the company at the time it’s filed.