Chapter 3: “Cost”: What is the Cost to Create an Excellent Patent Portfolio?

Chapter 3 discusses budgeting for investment in patents, including benchmarks for patent investing and the four most common methods used by companies to budget their investments in patent portfolios. These methods are Top Down Budgeting (focusing on costs), Bottom Up Budgeting (focusing on results), Competitive Budgeting (focusing on competition), and Hybrid Budgeting (a combination of the foregoing methods).