If you are a company that is considering purchasing patents, it can be difficult to determine if the patent will be worth the cost of amortizing. This article discusses how to tell if a patent might be worth it or not and includes five examples of when amortizing patents may make sense for your business.
What Is Amortization?
Amortizing a patent is when you pay for the cost of the patent over an extended period. When you amortize, the Patent Office gives your company __ years to spread out payments.; A company can decide how long they want their patents to last; however, it cannot exceed __ total years. Companies typically choose between five and ten year periods because this way they do not have any large or small costs in later years that might be difficult to budget., When Can I Easily Tell If It’s Worth It To Amortize My Patents? | The first question would depend on what type of industry your business operates in. For example, if you are working in pharmaceuticals