Ten Tips on Preparing and Prosecuting Patent Applications

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1. Keep Your Eyes on the Prize.

A patent defines a piece of intellectual property. As with a parcel of land, the patent’s owner can legally prevent any trespass (called an infringement) on the patent. 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. Mistakes can mean the difference between a patent worth millions and a worthless piece of paper. Patents prepared and/or prosecuted with little forethought about the end game, which is commercializing, selling or licensing the invention, often have little value.

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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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