How to Build a Perfect Patent Strategy?

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• How to Build a Perfect Patent Strategy?
• A perfect patent strategy helps you to easily
  obtain patent protection. The important component
  of a business plan for technology companies is to
  develop an effective patent strategy. However,
  the approach to developing a perfect strategy is
  more difficult than executing it. Thus, in this
  article, we are going to discuss some of the most
  considerable points in order to obtain a
  comprehensive patent strategy. These factors help
  you to attain a comprehensive strategy. However,
  they must be flexible enough to cover minute
  differences.
• Also Read How to Write a Patent Application
  Accurately?
• Patent Strategy Considerable Points
• There are certain fields that you must work on
  for developing a good patent strategy. Moreover,
  it is better if you seek help from an experienced
  service provider. Some of the considerable points
  to obtain an effective patent strategy are
• Business Goals
• A perfect patent strategy must identify the key
  business goals for a company. Also, visible
  business goals develop a valuable patent
  portfolio for the long run. Thus, the company
  must
• Make a list of business goals.
• Recognize technology and product directions.
• Sort out the main role players (competitors,
  customers, and partners).
• Contact the attorney to list goals, industry and
  technology information, and patent portfolio in
  order to highlight basic patent strategy.
• Also Read Patent Specifications Details You
  must Know! Recognizing the Fortes

and policies, business plans, investor
presentations, product specifications, and
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• software programs. Also, it may include license
  agreements, employment agreements,
  confidentiality agreements, and consulting
  agreements.
• The anticipation of life span for each
  intellectual forte.
• Identification of potential employees, market,
  product lines that create intellectual fortes for
  the company.
• Also Read Patent Drawing Summary from tip to
  toe Acquirement
• The company may move into the acquirement phase
  while the recognition phase is still in progress.
  Also, the organization creates the patent
  portfolio in order to protect core technologies,
  and business practices left during the
  recognition phase. Thus, in the acquirement
  phase, a company must perform the following
  actions
• Set up a patent review committee that handles
  this phase. The committee members may include
  company individuals from various fields that can
  work on the companys patent strategy together.
  It involves handling business and financial
  strategies. Also, similar to the previous phase
  the members must understand the commitment
  required. Moreover, they must have the ability or
  desire to give sufficient time for the same. The
  management must backup the team members and
  understand that insufficient time and effort will
  impact the execution of this phase. Also, it may
  cost others involved in it.
• One of the most crucial steps is drafting
  invention disclosures. Also, a good invention
  disclosure form helps in articulating and
  organizing an invention for a better
  understanding of the key aspects and their
  benefits.
• Calculate the risks and rewards related to a
  prior art search. However, a prior art search is
  not necessary, but it is better to understand the
  boundaries of all legal protection available.
• Evaluation of the risks and benefits of
  provisional and utility patent applications.
  Also, evaluating invention disclosure according
  to the patent strategy along with the
  completeness of invention disclosures.
• Provide invention disclosure to an attorney for
  drafting the patent application.
• Selectively conducting further competitive
  analysis in order to study technology directions
  and industry trends.

how to make their own patent portfolio stronger.
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• Set a budget for patent portfolio acquirement and
  development.
• Also Read An Insight to Provisional Patent
  Claims Distribution
• An organization that values its intellectual
  fortes sets aside money, time and resources to
  upgrade its patent portfolio. Thus, the
  organization moves to the distribution phase. The
  distribution phase includes licensing the patent
  portfolio to another party for monetary profits.
  Thus, it means sharing technology on certain
  terms and conditions. The distribution stage
  often includes the involvement of high-level
  management. The organization requires
• Work according to 3 basic considerations sword,
  shield, and
• Sword - Evaluating the competitors product for
  infringement, determining risks, and licensing
  strategy. Also, it involves evaluating the
  strength of the competitors patent portfolio in
  order to launch a counter-attack.
• Shield Evaluating the impact of the patent with
  respect to potential instigators.
• Market Identification of assets to sell for
  cash or use in new business.
• Determining the risks and benefits of
  enforcement.
• Evaluating the impact on business goals and
  creating reports accordingly.
• Also Read Patent Draft Major Core Principles