👉 Filing math, also known as patent math, is a critical process in the patent application and prosecution landscape that involves calculating the financial implications of obtaining a patent. It starts with estimating the potential market size for the invention, often using sales data or industry benchmarks to determine the potential revenue. Next, it considers the cost of developing and maintaining the patent, including legal fees, maintenance fees, and any ongoing expenses. The goal is to assess whether the potential revenue from the patent covers its costs and generates a profit, typically aiming for a return on investment (ROI) that justifies the investment. This involves complex financial modeling and projections, often requiring expertise in both patent law and financial analysis to ensure the application is both legally sound and financially viable.
