CRA was engaged by a venture-backed spin-out to act as an agent in selling patents covering a breakthrough high-speed memory technology. The patented technology was seen as having significant potential in commercial applications, such as computer memories, high-speed networking, and imaging applications. In consultation with management and the inventor, CRA performed IP due diligence, built a comprehensive valuation model covering the use of high-speed memories in various market segments, and assembled a marketing package illustrating the best use of the patents and know-how. CRA determined which companies would potentially be interested in acquiring the technology and made the appropriate contacts at each target company. The inventor also played a crucial role in the process of presenting the evolution and history of the technology. For the buyer, the opportunity to acquire the technology was timely and efficient. This transaction generated a cash infusion from previously untapped noncore technology.
China refines how to determine patent damages
China’s patent law was promulgated in 1984 and amended three times prior to 2020 (in 1992, 2000, and 2008). On October 17, 2020, the National People’s Congress...