Added by Alan Engel
, last edited by Alan Engel
on Feb 11, 2010 04:30
Two years ago the IAM blog carried an item about a DIN effort to establish an ISO standard for patent valuation ( http://bit.ly/c78SeI ). The ISO web site shows nothing about this. Did it die?
Feb 11, 2010
It was indicated in the article that "[DIN]... is distributing a voting form to national standards institutes around the world requesting that they vote on whether ISO should develop a standard for patent valuation".
The voting result would be of interest.
Feb 12, 2010
ISO New Work Item - Patent Valuation (text) which was proposed by DIN in 2007 and was based on DIN PAS 1070 (2007-02) General principles of proper patent valuation (in German, available for free download from DIN Publisher myBeuth).
The ISO new standard proposal was rejected in 2008 by Japan, Canada, Finland, Netherlands, Spain, South Africa, UK and USA (16 other countries was in favor of the standard). See a post in the IP finance blog and presentation "International Standards for the Valuation of IP" (Slide 16) by Timothy Cromley (CPA, ASA, US Patent Attorney, JP Morgan Chase Bank NA) at the international symposium on IP as Financial Assets (Polish Patent Office, Krakov, Poland, Sept. 2008).
According to the blog post, arguments against the new ISO standard on patent valuation included: "it is difficult to understand how the complexities of the subject matter can be mastered sufficiently to develop any useful standard", " standards development committee was not an appropriate forum for doing the kind of the work needed to develop and evaluate new patent valuation methodologies" and overlap in work with the International Accounting Standards Board (IASB).
Feb 13, 2010
Thank you very much for this precise and accurate information.
Feb 15, 2010
Thanks, Alex. If only...