2008-01-14

Call for Interest: Proposal to develop a new work item on monetary patent valuation

The Standards Council of Canada (SCC) is seeking comments on a new work item proposal submitted by the Deutsches Institut für Normung (DIN) to the International Organization for Standardization (ISO) for a new work item on monetary patent valuation.

In today’s global economy, intangible resources such as expertise and innovative new technologies are major contributors to a company’s success in the marketplace. Patents and other instruments of industrial property rights protection play an important role in securing the profits from technology-based innovations.

A uniform valuation standard for patents will support innovation and will benefit the many industries that rely heavily on intangible assets as profit drivers.

Scope of the proposed work:

The intended standard will specify basic requirements for a proper patent valuation process. Specifically, the document seeks to:

• Specify the valuation object;
• Determine the future orientation of monetary patent valuation;
• Define the relevance of the valuation purpose and exploitation scenario;
• Describe the valuation date principle;
• Outline risk considerations (legal, technical, commercial);
• Identify monetary value potential (legal, technical, commercial) as determinants for the monetary patent value; and
• Establish valuation approaches.

For more information, or to submit comments, including support for or opposition to the proposal, or to express your interest in participating on a committee to develop a standard in this area, please contact Lynne Gibbens, Senior Program Officer ISO via email, [email protected] or by telephone +1 613 238 3222 ext. 452. 

The deadline for comments is February 20, 2008.

The Standards Council of Canada is a federal Crown corporation with the mandate to promote efficient and effective standardization in Canada with the goal of enhancing Canada’s economic competitiveness and social well-being. SCC is Canada’s representative to the International Organization for Standardization (ISO) and is responsible for coordinating Canadian participation in the development of international standards. It also accredits standards development and conformity assessment organizations. For more information on SCC’s programs visit www.scc.ca or email [email protected].