I never met an inventor who didn't want to know the value of his inventions. Accounting rules allow intangible assets to be recorded on balance sheets at their ‘highest and best uses'. The highest and best use of inventions is typically to license the invention to a company capable of delivering products that incorporate the invention to the market. Licensing typically yields a higher value than using related patents to ensure freedom of operation, blocking competitors, or removing a technology from the market in order to eliminate the risks of displacing successful products.

Assessing the Probabilities of Obtaining a License

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