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The main goal of patent management is obtaining and maintaining patents. This process involves various technical, legal and business skills. Identifying, developing and assessing the technology involved in a given patent naturally requires some amount of technical knowledge. Legal expertise is necessary for obtaining the patent and thereafter enforcing the patent and defining the terms of royalty or license Maximizing the profits of the patent is the businesses part of the patent maintenance. it is possible for the individual inventor to do the maintenance himself, this is less likely a wise approach if the inventor does not have the know how of evaluating the claims by tools like claim charting, patent tracking, patent scoring, citation analysis etc.
The patent application and issuance rates continue to increase exponentially globally and the patent management has evolved drastically to tap in the potential. Though the management styles vary but some generalities can be identified based on the setting in which the utility, design, or plant arose. Professional patent management starts with an initial determination of the relative importance of the invention and then looking in the market for commercialization possibilities. To make these determinations, we use tool like prior art searches and market analysis.
We will work with you to find out if there are patent applicants with a similar claims, that informs our client other inventions similar to the one for which they are seeking a patent. We help in managing their patent portfolio in terms of identifying the areas that can effectively use further development by finding the white space in a given technology saving them a lot of money. Once the patent is issued we look for the similar citation to evaluate the value to extract the best deals for out client.
Glide Legal can take responsibility for obtaining, maintaining and maximizing the value of the patent. The inventor or company generally does not bear any expenses and shares profits with us in those cases. Exact percentages are determined contractually after determining the market potential and enforceability.