Category: Drafting Patent
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IPR Considerations for Businesses Revising Their Budgets
Introduction In today’s fast-paced and competitive business environment, intellectual property rights (IPR) have become invaluable assets for companies across various industries. From patents and trademarks to copyrights and trade secrets, businesses heavily invest in developing and protecting their intellectual property to gain a competitive edge, safeguard innovations, and establish brand recognition. However, when businesses need…
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What IPR Law Firms Need to Consider when Budgeting
Introduction Budgeting is a critical process that allows intellectual property rights (IPR) law firms to allocate resources efficiently, plan for the future, and ensure financial stability. In the competitive landscape of intellectual property law, effective budgeting is essential to manage costs, optimize revenue, and deliver high-quality legal services. This article explores the key considerations that…
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How to Create Comprehensive Financial Plans for Your Law Firm
Introduction For law firms to thrive in today’s competitive legal landscape, it’s imperative to have a well-structured financial plan in place. A financial plan serves as a roadmap, guiding the firm’s financial decisions, and ensuring its long-term sustainability and growth. This article outlines a step-by-step guide to creating comprehensive financial plans for law firms, covering…
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Build Cost-Effective EPO Patent Portfolio
Maintaining an expansive IP portfolio can be expensive. Translation costs are one of the main drivers, and there are various strategies for controlling them. Software inventions that involve software are only patentable if they meet certain requisites, including showing inventive elements and showing how the technology accelerates or improves computer performance. We can assist you…
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How to Improve the Quality of Your German Patent Portfolio
Germany is an attractive market for international companies due to its strategic location, quality engineering and world-class infrastructure; foreign firms account for 40% of patent filings in Germany! Unsurprisingly, most of the top law firms prosecuting patents originate from both the USA and Japan – an indication of a more balanced patent prosecution strategy. Shifting…
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Build Cost-Effective French Patent Portfolio
The French IP regime can provide significant tax savings on licensing revenues. Companies can choose this regime selectively for eligible patent assets. Under French industrial property law, inventions that are novel and show evidence of inventive activity that have potential industrial application are patentable. However, disclosure by even its inventor can compromise this novelty. France’s…
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IP Finance – Opportunities Incoming
Intellectual property financing used to be rare among businesses, but that has started to change with more specialized lenders and even traditional finance companies offering this form of non-dilutive funding. But in order for this strategy to work effectively, all parties involved – entrepreneurs and their lawyers alike – need a thorough knowledge of IP.…
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Build Cost-Effective Italian Patent Portfolio
On average, Italy takes between 2.5-3 years from filing to grant of patent for industrial inventions excluding processes, chemical products or biotechnological inventions. The Italian IP box regime is one of the government’s initiatives designed to foster research and development (R&D), while protecting Italy’s “Made in Italy” brand. It offers tax benefits on income derived…
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Make Your CFO an IP Believer
Startups often make the mistake of treating intellectual property (IP) without adequate care, which can endanger financing, empower competitors, and even result in lawsuits against their companies. Intellectual property portfolios have become integral components of a company’s value today, from patents, trademarks, and copyrights to trade secrets and design patents. Yet building such an IP…
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IP Strategy As Supply Chains Evolve
Formulating an effective IP strategy requires engaging all relevant aspects of a business, including financial teams and decision-makers, in order to ensure consistency and ensure all valuable assets are identified, valued, and safeguarded accordingly. Companies with IP strategies aligned with business goals are more likely to deter threats and take measures against bad actors, and…