Method of appraising and insuring intellectual property
Methods are disclosed for using computers, computer programs, algorithms and computer networks and communications hardware and protocols to appraise the value of assets as well as protecting asset owners from the risk that other entities will value those assets differently. The methods disclosed include: Supplementing traditional valuation methods with other considerations that may affect the value of intellectual property assets. Using insurance type financial instruments to maintain compliance with regulatory requirements such as those imposed by the Sarbanes Oxley Act, the SEC, or the IRS. Using insurance type financial instruments to protect intellectual property asset owners from the risk that tribunals, regulatory agencies, or other entities will appraise intellectual property assets at a different value.
1. A computer implemented method to appraise a value of an intellectual property asset and to insure against risks related to the value of the intellectual property asset, the method comprising:
electronically receiving in a computer an appraisal on the intellectual property asset using traditional valuation methods, the traditional valuation methods comprising at least one of a cost approach, a market approach, or an income approach;
electronically calculating in the computer an adjusted appraisal by adjusting the appraisal based on information that is not considered in traditional valuation methods, the information comprising at least one: a word count of the file wrapper of the intellectual property asset, or a count of the number of errors, omissions, or misstatements in connection with a statement of intellectual property value;
electronically calculating in the computer a risk policy premium based on the adjusted appraisal for a risk policy that protects against risks related to the value of the intellectual property asset; and
electronically issuing by the computer a valuation bond on the intellectual property asset to transfer and mitigate said risks related to the value of the intellectual property asset, wherein claim payments of the valuation bond are triggered by a finding on the part of a regulator or tribunal, wherein the finding is an adverse outcome that finds that the adjusted appraisal had materially overstated the value of the intellectual property asset.
2. The computer implemented method of claim 1 , wherein the computer comprises a plurality of computers connected via a network.
3. A computer-readable medium to appraise a value of an intellectual property asset and to insure against risks related to the value of the intellectual property asset, the computer-readable medium having computer-executable instructions for performing a method comprising:
receiving an appraisal on the intellectual property asset using traditional valuation methods, the traditional valuation methods comprising at least one of a cost approach, a market approach, or an income approach;
calculating an adjusted appraisal by adjusting the appraisal based on information that is not considered in traditional valuation methods, the information comprising at least one: a word count of the file wrapper of the intellectual property asset, or a count of the number of errors, omissions, or misstatements in connection with a statement of intellectual property value;
calculating in the computer a risk policy premium based on the adjusted appraisal for a risk policy that protects against risks related to the value of the intellectual property asset; and
issuing a valuation bond on the intellectual property asset to transfer and mitigate said risks related to the value of the intellectual property asset, wherein claim payments of the valuation bond are triggered by a finding on the part of a regulator or tribunal, wherein the finding is an adverse outcome that finds that the adjusted appraisal had materially overstated the value of the intellectual property asset.
4. A computer system programmed to appraise a value of an intellectual property asset and to insure against risks related to the value of the intellectual property asset, the computer system comprising:
a central processing unit programmed to:
receiving an appraisal on the intellectual property asset using traditional valuation methods, the traditional valuation methods comprising at least one of a cost approach, a market approach, or an income approach;
calculating an adjusted appraisal by adjusting the appraisal based on information that is not considered in traditional valuation methods, the information comprising at least one: a word count of the file wrapper of the intellectual property asset, or a count of the number of errors, omissions, or misstatements in connection with a statement of intellectual property value;
calculating a risk policy premium based on the adjusted appraisal for a risk policy that protects against risks related to the value of the intellectual property asset; and
issuing a valuation bond on the intellectual property asset to transfer and mitigate said risks related to the value of the intellectual property asset, wherein claim payments of the valuation bond are triggered by a finding on the part of a regulator or tribunal, wherein the finding is an adverse outcome that finds that the adjusted appraisal had materially overstated the value of the intellectual property asset; and
a memory to store program code executed by the central processing unit.