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- Wiley
More About This Title Intellectual Property, Fifth Edition: Valuation, Exploitation, and Infringement Damages
- English
English
A new edition of the trusted book on intellectual property
Intellectual Property simplifies the process of attaching a dollar amount to intellectual property and intangible assets, be it for licensing, mergers and acquisitions, loan collateral, investment purposes, and determining infringement damages.
Written by Russell L. Parr, an expert in the valuation/intellectual property field, this book comprehensively addresses IP Valuation, the Exploitation Strategies of Licensing and Joint Ventures, and determination of Infringement Damages. The author explains commonly used strategies for determining the value of intellectual property, as well as methods used to set royalty rates based on investment rates of returns.
This book examines the business economics of strategies involving intellectual property licensing and joint ventures, provides analytical models that can be used to determine reasonable royalty rates for licensing and for determining fair equity splits in joint venture arrangements.
Key concepts in this book are brought to life by presenting real-world examples of exploitation strategies being used by major corporations.
- Provides practical tools for and examines the business economics for determining the value intellectual property in licensing and joint venture decisions
- Presents analytical models for determining reasonable royalty rates for licensing and for determining fair equity splits in joint venture arrangements
- Provides a detailed discussion about determining intellectual property infringement damages focusing on lost profits and reasonable royalties.
- English
English
RUSSELL L. PARR, CFA, ASA, is President of Intellectual Property Research Associates (www.ipresearch.com). He is an expert in determining the value of intellectual property. Mr. Parr's books about intellectual property value and management are published in Japanese, Korean, Italian, and English. He is dedicated to the development of comprehensive methods for accurately defining the value of intellectual property.
- English
English
About the Author xi
Preface xiii
Acknowledgments xvii
PARTI INTRODUCTION 1
1 Intellectual Property Is the Foundation of Value 3
2 Intellectual Properties Defined 20
3 Intangible Assets Defined 40
4 Business Enterprise 54
PART II VALUATION 65
5 Valuation Principles 67
6 Cost Approach 75
7 Market Approach 87
8 Income Approach, Identifying Economic Benefit 95
9 Risk-Adjusted Income 113
10 Valuation Errors 130
11 Early-Stage Technology Valuation 142
12 Special Valuation Situations 155
PART III EXPLOITATION 175
13 Exploitation Strategies 177
14 More on Exploitation Strategies 187
15 Licensing, Negotiations, and Agreements 213
16 Royalty Rates for Licensing 237
17 Use of the 25% Rule in Valuing Intellectual Property 272
18 Determining a Royalty Rate—an Example 291
19 The Magnitude and Meaning of Royalty Misreporting 305
20 Patent Aggregators 313
21 University Licensing 326
22 Joint Ventures 338
23 Intellectual Property Audit and Management 352
24 Organizing for the Future 372
25 Transfer Pricing 384
PART IV INFRINGEMENT DAMAGES 401
26 Lost Profits 403
27 The Entire Market Value Rule 434
28 Royalty Rates and the Georgia-Pacific Factors 448
29 Evolving Patent Damages 471
30 Trademark, Copyright, and Trade Secret Damages 484
Appendix A Accounting 496
Appendix B Economic Benefit, Timing, and Pattern 507
Appendix C Royalty Rate Data 530
Appendix D Risk and Uncertainty 598
Index 619