Why is a basic patent so valuable?
- iguLv 41 decade agoFavorite Answer
Most patents aren't particularly valuable, but what can be very valuable are patents that offer "broad" protection or which otherwise cover a high-value product/industry.
The reason that patents can be valuable is that a patent is a "right to exclude" others from practicing the invention, so you have a government sanctioned monopoly in which you can limit the availability and control costs without competition. For example, if you held a patent for a pharmaceutical product that brought in $1 Billion annually, you can exclude others from making, using, selling, importing, etc. another product that is covered by the patent, thereby keeping the full $1B market to yourself.