Patent Lifecycle

Patent Strategy: Your Business Plan

Understanding the three phases of the patent lifecycle, and having an appropriate synergistic patent strategy, is essential if you are to generate revenue from you IP. As a first step, it is important to think about the relationship between patents, and IP in general, and your business plan.

It is easy to think of patents in isolation – a box-ticking exercise, perhaps to keep Directors or investors happy. However, doing so greatly reduces the likelihood of generating revenue from patents and potentially exposes your company to unnecessary risk from a competitor’s IP. Instead, IP, and in particular patents, should form an integral part of your company’s commercial strategy.

Source: LinkedIn Corporation

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>