Valuing Patents as Strategic Business Assets Innovation remains a key differentiator for companies striving to maintain market leadership. Patents not only protect these innovations but also represent significant intangible assets. Understanding the value of patents is crucial for businesses involved in transactions like mergers, acquisitions, or licensing agreements, and for strategic internal management. Why Patent […]
Your Guide to Patent Mining with Legal Advantage In the ocean of intellectual property, not all patents hold the same value or potential. This realization has made patent mining an indispensable strategy for organizations that capitalize on their intellectual assets effectively. Unlike patent pruning, which focuses on trimming down a portfolio to its most valuable […]
The art and science of Patent Pruning Managing a patent portfolio has become a complex task in today’s innovation-driven world. The era when filing a patent was a rare and highly valued action is behind us. Now, the focus is on maintaining a strategic, manageable, and cost-effective collection of patents. Enter the practice of patent […]
Strengthening Your IP Strategy Through Strategic Patent Portfolio Management Navigating the intricate world of patents can be a challenging task for any organization. However, by adopting data-driven decision-making in patent portfolio management, companies can simplify processes, boost innovation, and gain a competitive advantage. In this section, we explore the top practices for maximizing your patent […]
Your Mini Guide to Navigating Patent Infringement Navigating the complexities of patent infringement requires a thorough understanding of various aspects, from claim construction and types of infringement to defenses and potential penalties. This guide offers a roadmap for patent holders and inventors to effectively protect their intellectual property (IP) rights. Understanding Patent Infringement In the […]
Securing Brand Identity Through IP – Trademarks, Trade Dress, and Design Patents Companies across the world spend millions of dollars per year on branding. But why? To answer in simple terms, branding helps increase visibility and brand recognition that ultimately drives sales. This branding can mean various things – product design/packaging, logo, name, brand colors, […]
Unlocking the True Value of Design Patents Design patents often live in the shadow of their more famous counterparts, utility patents. However, they hold a unique and powerful position within the intellectual property landscape. Let’s dive into why design patents are far from inferior and how they can be a game-changer for businesses across various […]
A pioneering partnership promises a better tomorrow – USPTO & NOAA USPTO and NOAA sign MOU to advance climate and environmental tech innovations. Collaboration aims to bolster U.S. resilience against climate change and promote sustainable growth. Initiatives include employee exchange programs, collaborative projects, data sharing, and policy development. Emphasizes protecting innovation through IP for significant […]
Why Design Patent Drawings Tend to Be More Expensive Than Utility Patent Drawings? Before we understand the ‘Why’ of the topic, we need to understand the ‘What.’ What are design patent drawings? Design patents are meant to protect the structural and ornamental appearance of a product as it appears to the eye of the layman […]
Patents Issued in 2023 – Trends and Analysis The USPTO issued 348,388 patents in 2023, marking a 3% decrease from 2022 and a 12% drop from the all-time high of 391,100 patents in 2019 The following is a graph of Patents Granted from 2019 to 2023: This decline is largely attributed to the […]