Professional Patent Appraisal
As businesses are increasingly being built around patents, there is a growing need for business appraisers to know how to value patents, and for business executives to know how to distinguish between a comprehensive patent appraisal—and mere calculations. To help satisfy this need, this article addresses topics relevant to a professional patent appraisal.
Contributor Notes
Mr. Cromley, ASA, JD, is a registered U.S. Patent Attorney and a manager in the Valuation Advisory Services group of Bank One in Chicago. He is Section Head for Business Valuations in the Chicago Chapter of American Society of Appraisers and past chair of the Legal Education Committee of the Intellectual Property Law Association of Chicago