Intellectual property (IP) plays a big role in adding worth to an organization. But some businesses wait too long to secure these assets, which can cause problems later. When you understand the common mistakes around IP, you can help protect the ideas and innovations...
Your company’s products and innovations are valuable assets that need protection. You can’t afford to let competitors copy your ideas and profit from your hard work. Thus, patents are a way for you to safeguard your proprietary rights and maintain your advantage over...
Effectively protecting intellectual property can help businesses to maintain their competitive edge within their industry, specifically, and within the marketplace more generally. Filing provisional patent applications can help companies to achieve this...
Prosecuting a patent is typically a lengthy process. After investing in research and development, a company must prosecute a patent to protect a new product. Typically, the process of prosecuting a patent takes longer than a year to complete. The United States Patent...
Just when many companies thought patent trolls had faded away, they returned—armed with vague claims and aggressive demands. These non-practicing entities (NPEs) do not build products or deliver services. Instead, they buy old patents and use them as weapons to sue...
Technological advances can help streamline business operations and control organizational costs. When new technology becomes widely available, some businesses are quick to find ways to utilize that new technology. Many companies have begun integrating artificial...
Patents may provide legal protection for businesses for up to 20 years, depending on the type of patent. Certain types of patents may last for a shorter duration. When a patent eventually expires, the product or process protected by the patent becomes public domain....
Research universities often invest heavily in retaining the services of cutting-edge medical and technological professors. They offer grants and other forms of support to undergrads and graduate students with unique research projects. The goal is to promote research...
When organizations begin the patent prosecution process, they have to make details about unique concepts clear. The United States Patent and Trademark Office (USPTO) reviews patent requests to ensure that concepts and products are adequately different from existing...
Prosecuting a patent is a notoriously difficult and complex process. Even well-established businesses may struggle to manage patent prosecution, and small mistakes can translate to major delays. Companies seeking patents typically want to complete the process as...