Why use claim charts to sell patent(s)?
Because claim charts provide a “sneak preview” of future litigation(s) that would realize the true value of your patent. A patent exists only because the government (the PTO) says it exists. And ultimately, value can be extracted out of the patent only because the government (a court) says so. So to understand the true value of a patent, it doesn’t help to start by looking at how technology, real estate, or stocks are valued. This is because the value of none of those three kinds of assets arises from the court system. Instead, to understand the true value of a patent — a creature of the court system — we must understand how the courts arrive at a value for patents. Well, the process for discovering patent value is called “patent infringement litigation”. So we need to know a little bit about that. For the purposes of this discussion, the most important patent case was the Supreme Court’s 1996 decision in Markman v. Westview Instruments, Inc. 116 S.Ct. 1384 (1996). I’m not going to bor
