The term patent usually refers to a right granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof A patent provides protection for the invention to the owner of the patent for a limited period

  • Reducing the number of competitors in the market
  • Revenue from licensing
  • Cross-licensing, joint-development, or joint-marketing for needed technology or marketing resources
  • Confidence for venture capitalists or other investors
  • Increase the value of the company
  • In the case of liquidation, can sell the IP portfolio separately