Month: April 2023

The essentialist philosophy is a way of thinking that can help individuals and organizations prioritize what is truly important and essential. In a world where there is an abundance of options and distractions, it can be easy to get bogged down in trivial details and lose sight of the bigger picture. By focusing on what…

Developing and protecting patents is a fundamental element of company value creation. They provide companies with a strategic advantage, are intangible assets that help prevent technology copying, and serve to deter intellectual property theft. However, implementing an effective intellectual property strategy can be challenging. As corporations across the innovation spectrum look for cost-savings and cut…

The process of purchasing, using or licensing patents from another company or individual is called external patent acquisitions. A company can buy the rights of another person to manufacture or sell a patent. It can also make a strategic decision to acquire external patents if it wants to increase its intellectual property portfolio or expand…

A comprehensive intellectual property strategy is critical for the long-term strategic development of your company. This role is even more pertinent today as companies across all sectors of innovation look for cost savings opportunities and implement budget-cutting measures. IP rights such as patent protection and trademarks can give businesses a strategic advantage by preventing rivals…

In-house patent counsel must create a close partnership with R&D teams in order to identify and capitalize on intellectual property (IP) assets. They also need to craft an effective IP strategy that plays an integral role in the long-term strategic development of their companies. This role is even more essential as corporations across the innovation…

Collaboration and co-innovation is becoming increasingly essential to modern innovation success. By collaborating with external partners, organizations can gain access to invaluable pools of expertise and reduce their own investment risk in research and development (R&D). However, patents present several challenges in this context. These include overlapping property rights and the creation of patent thickets.…

The collaborative drafting of patents is the process whereby multiple people work together to create one patent application. This usually involves patent agents or attorneys working with inventors in order to create a patent application that accurately and completely describes an invention. Collaboration among co-inventors can enhance the quality of patent applications and give researchers access…

Venture capitalists (VC investors) perform legal due diligence to confirm key information and assess any potential legal risks before investing. This step is essential for startups seeking funding from a VC fund. To successfully navigate this process, it’s essential for a company to be organized and responsive. Furthermore, transparency about any pending lawsuits, patent disputes…

Joint ventures are a great way to pool expertise and resources to achieve a shared goal. To ensure a successful partnership, you should conduct due diligence before entering into any joint venture. Here are a few key steps you can take to ensure that your joint venture is a success: Follow these steps to ensure your joint…

Patent due diligence can be a cost-effective and important tool for your business. It allows you to determine the value of your patent portfolio and whether you are able to monetize them through licensing, enforcement, or divestment. It also allows you to mitigate the risks of infringement posed by the patents owned by competitors or other parties. For…