The value of a patent is the commercial utility that can be extracted from the use of the patent. The patent may be used to protect one's own products or to create licensing income. Economic value of patents is a critical factor depending on the reason for valuation. This value is especially important to businesses in transactions involving mergers and acquisitions, patent licensing, fund raising, business dissolution, bankruptcy and infringement analysis. From an inventor looking to raise capital so that his invention can move from the back room to the commercialization, to a technology leader attempting to put a price on its invention, to those that wish to license it, or vice-versa to those lagging in the market who realize that to stay competitive the best option available to them is to seek a license to the use of that new or improved technology. The value of a patent depends on the reason for the evaluation and who is exploiting the invention. In addition to monetary value, patents also have a non-monetary value. For example, they may improve the image of a company.