Tips For Managing Your Canadian Patent Rights During This Global Economic Downturn - Jonathan Roch

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While the worst of the global economic downturn may be over, it still is not business as usual. Credit may still be in short supply for some time to come and many companies continue to look for ways to cut costs and improve cash flow. When dealing with intellectual property assets, especially patents, an obvious way for companies to cut costs is to streamline portfolios and reduce filings by, for example, limiting the geographic scope of their patent protection. Given the inevitable up turn in the economy, companies should ensure that these cost reducing measures do not adversely impact the scope of protection provided by their patent portfolio, which in turn impacts their future revenue, market position and business growth. There are a number of reasons why Canada should continue to be part of one’s patent portfolio and there are options to control and reduce patent costs in the short term.

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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.

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