Intellectual property such as patents constitutes an important asset on the balance sheets of many companies. Understanding the process of valuing those assets is important for many reasons, including as the basis for licensing discussions. Though general techniques for valuing IP are well understood, evolving statutory and case law has greatly impacted the inputs for these techniques. To shed light on the current state of affairs, we will present a hypothetical IP valuation framework and illustrate how the recent changes in the law in the US can impact the valuation outcome.
Drew Voth, Senior Director, Alvarez & Marshall, Seattle, Washington, and David Sheldon, Member, Chistensen O'Connor, Johnson, Kindness, PLLC present.
Drew Voth. a Senior Director with Alvarez & Marsal in Seattle, is a forensic accountant and damages expert providing financial and business advice to clients. His practice also includes business valuation, intellectual property licensing, restructuring and investigative services. Drew brings more than 20 years of accounting and consulting experience spanning a variety of industries, including retail, telecommunications, software, technology, financial services, manufacturing and natural resources.
David Sheldon, a Member of Christensen O'Connor Johnson Kindness PLLC, is a patent attorney. His strong background in computer science and technical experience in software engineering help him assist his software industry clients with patent drafting, prosecution, and counseling. David also advises his clients on other vital issues relating to software products, including open source licensing and developing comprehensive strategies for protection of software using copyright, trademarks, design patents, and trade secrets to supplement utility patent protection.