Intellectual property rights can be re-evaluated. The value of intellectual property may change over time, market changes, technological advances, or changes in circumstances within a company. As a result, it is a common practice to re-evaluate IPRs, especially in the following cases:
Periodic assessments: Businesses may choose to conduct periodic evaluations of their intellectual property rights to ensure that the information assessed remains up-to-date and accurate. This helps companies better understand the real value of their IP assets.
Market Changes: Changes in market conditions may affect the value of intellectual property. If there is a significant change in a technology or product area, the value of the relevant patent may need to be reassessed. Similarly, changes in market demand and competitive conditions may also affect the value of a trademark or copyright.
Technological advancement: The rapid development of technology can affect the value of patents. The emergence of new technologies or the obsolescence of prior art can lead to changes in the value of patents and therefore need to be re-evaluated.
Changes within the company: Changes within the company, such as R&D results, business strategy adjustments, mergers and acquisitions, etc., may affect the value of intellectual property. In these cases, a reassessment can better reflect the place of IP in a company's strategy.
Changes in law: Changes in regulations and laws may also have an impact on the value of intellectual property. For example, changes to patent regulations, new court precedents, etc., may affect the legal status and value of intellectual property.
The re-evaluation of intellectual property rights usually requires the involvement of a professional intellectual property valuation agency or appraiser. These professionals can re-evaluate the value of intellectual property using appropriate valuation methods in the light of changing circumstances and new information. Re-evaluation can help companies better manage their IP assets and make more informed business decisions.