What is defensive patent strategy?

Defensive Patent Strategy This means that a company files patents mainly to ensure that it can use its invention without the risk of a competitor patenting the same idea/invention and later on enforcing the patent upon them.

What is offensive IP strategy?

An offensive IP strategy focuses on acquiring and protecting IP that gives your organisation an advantage over its competitors. Therefore, IP is part of the ammunition that drives your commercial goals.

How is patent protection obtained as part of an offensive strategy?

In an ‘offensive patent strategy,’ the company obtains patents for each and every innovation similar to its product, thereby protecting others from practicing the actual invention of a company or an invention which the company is aiming to practice.

Are patents useful as part of an offensive/defensive or leveraging strategy?

Your patents can be valuable for both offensive and defensive reasons. Used offensively, patents can generate licensing revenue and, sometimes, damages awards via litigation. Patents can also be used defensively to make it less attractive for a competitor to sue for infringement or block a competitor out of a market.

What is patent strategy?

A patent strategy is part of an overall intellectual property (IP) strategy. It is usually the most important part of such a strategy for technology-based companies. The IP strategy should follow the company’s R&D strategy which in turn should follow its overall business strategy.

How do I make my IP successful?

Here are five steps that can help you develop your own IP strategy:

  1. Let your Company’s Size Guide You.
  2. Establish Guidelines for Creating Intellectual Property.
  3. Analyze Your Competitive Advantage and Barriers to Entry.
  4. Analyze Third-party Interactions.
  5. Audit Your Intellectual Property.

How do you create a patent strategy?

HOW TO LAUNCH A STRATEGIC PATENT PORTFOLIO

  1. IDENTIFY YOUR BUSINESS GOALS.
  2. SET A BUDGET.
  3. COMPLETE AN IDR FOR EACH VALUABLE IDEA.
  4. SORT THE IDRS ACCORDING TO PRIORITY.
  5. IDENTIFY ANY FILING DEADLINES.
  6. ESTIMATE YOUR FILING COSTS.
  7. CREATE A FILING CALENDAR.

How do you leverage intellectual property?

Five Steps for Leveraging your Startup’s Emerging Intellectual Property

  1. Search to make sure you aren’t reinventing something someone already invented and has protected.
  2. File for patents as early as you can.
  3. Choose and use branding carefully.
  4. Keep protecting innovation as innovation continues to occur.

How can an organization create a competitive advantage by leveraging on intellectual property?

Once an organization reaches maturity, intellectual property can be leveraged strategically to contain costs and drive more revenue growth. Armed with this data, the organization can divest wasting assets and create new revenue streams by out-licensing some intellectual property.

Can you patent a strategy?

Generally speaking, the USPTO differentiates between a business model and a business method. That is, there is a legal line between your strategy or vision and your actual means of doing business. To be patentable, just like any invention, the art, method, or process must be useful, novel, and non-obvious.

Can a patent be both offensive and defensive?

Your patents can be valuable for both offensive and defensive reasons. Used offensively, patents can generate licensing revenue and, sometimes, damages awards via litigation. Patents can also be used defensively to make it less attractive for a competitor to sue for infringement or block a competitor out of a market.

What should your IP strategy be defensive or offensive?

Patents can also be used defensively to make it less attractive for a competitor to sue for infringement or block a competitor out of a market. Whether you are a start up company or a Fortune 500 corporation, having a cohesive, well thought out strategy to protect your intellectual property is critical.

Which is better, patenting or using trade secret law?

Sometimes, upon careful examination, a company may decide that its products are not protectable through patents or that there is no advantage to patenting. In other cases, using trade secret law to protect innovation is a better approach than filing patents.