The All-Important Patent Portfolio - How patents can protect your business and help it grow

Whether a company has existed for a hundred years or is just starting out, patents can be a core strategic asset. Patents are a barrier to entry for competitors. For established companies, patents protect product lines from being copied and patents create a period of exclusivity to exploit their research and development investment. For a new venture — which typically doesn’t enjoy the competitive advantages of economy of scale or well-established infrastructure, supply chains or distribution networks — an intellectual property portfolio may be the venture’s only major asset.

The business strategy in an established company normally drives the patent strategy; that is, it looks to products and services in development for patentable ideas. Capturing patentable ideas should be an integral part of the company’s development process or project management. For example, include a patent milestone in architecture or product reviews; include patent reviews in research and development projects before publication of a paper.

Originally published in Seattle Business magazine on October 12, 2013.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lane Powell PC - Intellectual Property Law Blog | Attorney Advertising

Written by:

more+
less-

Lane Powell PC - Intellectual Property Law Blog on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×