Shortsighted Thinking Can Lead to Worthless Patents

Snell & Wilmer

A. The Goal Is to Make Money and Not to Merely Get a Patent.

A patent defines a piece of intellectual property. Analogous to the size of a parcel of land, the size of a patent (usually referred to as its scope) is critical in determining its value. Patents prepared and/or prosecuted with little forethought about the end game, which is selling or licensing the invention, often have no value.

For a small business or startup, the entire company value may lie in the strength of its patents, because without meaningful patent protection, large companies can simply copy the products of a smaller competitor.

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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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