Patent Strategy
Patent strategy is a set of actions that a company takes to secure and position its inventions, innovations, and/or intellectual property. It involves planning and executing steps to protect valuable intellectual assets and align them with the company’s business goals. Here are some key aspects of developing a patent strategy:
- Business Goals: Identify the key business goals for the company. Consider competitors, partners, customers, and technology/product directions.
- Evaluation of Company Assets: Organize and evaluate all intellectual assets within the company. This includes products, technologies, processes, and business practices.
- Patent Portfolio Use: Determine whether the patent portfolio will be used offensively (asserted against others), defensively (as a counterclaim), for marketing purposes, or a combination of these
- Remember that a well-defined patent strategy can significantly impact a company’s long-term success in the technological sector!
