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It is really a myth that you can reap benefit of your patents for your life and thereafter. We must understand that in the fast changing the useful life of patent is not very long.
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It is really a myth that you can reap benefit of your patents
for your life and thereafter. We must understand that in the fast
changing the useful life of patent is not very long. Economically
speaking patent asset's useful life is defined as the time
period over which the asset is expected to contribute directly or
indirectly to patentee future cash inflows. Mind you this useful
life time is always restricted by the statuary limitations and
technological factors. In this context it becomes imperative to
determine the patents remaining useful life (RUL).
Mr. DPS Parmar shares his views regarding the timeframe within
which a patent remains useful in his Mondaq article, which can be
viewed at the below link:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
