How to Build a Perfect Patent Strategy? - PowerPoint PPT Presentation

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How to Build a Perfect Patent Strategy?

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Title: How to Build a Perfect Patent Strategy?


1
  • 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
2
  • 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.
3
  • 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
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