Patents are the product of costly and risky R&D, and the patent’s developer will seek to recoup its costs and make a turn through the sale of products endorsed by the patent, leasing others to use the invention (often a product or process) or outright sale. Patents are filed to get protection, and they derive their value from litigation, licensing, or straight sellouts. They can generate growing value per share and enhanced leverage, which is paid for by intangible-driven incremental EBITDA and cash flows. Scalability is achieved through patented operating leverage for improved cash generation. Bottlenecks that marginalize the potential value of patents are critically analyzed, and some advice is given to minimize them. Valuation approaches either follow consolidated techniques or more sophisticated patterns (real options, Monte Carlo simulations, etc.).