A Few Lesser-Known Strategies to Make Your IP Assets More Valuable

 

A Few Lesser-Known Strategies to Make Your IP Assets More Valuable

A holistic IP strategy can give you a competitive edge, protect your business from an infringement lawsuit, drive new revenue opportunities and growth. Licensing, selling or using patents as collateral are well-known ways to maximise the value of your IP. In this blog post, let us, however, look at 5 lesser-known strategies that can have the same effect.

1.      File where your competitors are filing even if you aren’t active yet in that country

Identify jurisdictions where patent holders, especially your competitors, have the most active and pending patents in your area of interest. Design your patent filing strategy based on the patenting trends of established players in your technology space. The objective is to protect the market ahead of a possible launch of your product. For example, Europe, Japan, Korea, China and the US are popular jurisdictions as they have the largest economies. Plan to file patents here so that your competitors won’t be able to launch a competing product that encompasses the invention in these geographies.

2.      Try to get the broadest claim approved and/or keep many independent claims

A patent filing with narrow claims offers limited invention protection. A competitor may find it easier to circumvent such a patent by modifying a portion of such a claim. If you have broader claims, people are unlikely to find a loophole like that. Drafting broad claims is tricky as you must guarantee that they cover all aspects of the invention found in the detailed description without infringing on other inventions. But if drafted well, and approved in examination, they are worth the additional effort. Alternatively, it may be possible to get the same coverage using a set of independent claims instead of a broad claim.


Read the full post “A Few Lesser-Known Strategies to Make Your IP Assets More Valuable” to find out how your intellectual property can help you gain a competitive edge.

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