A patent portfolio is a collection of patents owned by a single entity, such as an individual or corporation. The patents may be related or unrelated. Patent applications may also be regarded as included in a patent portfolio.
The monetary benefits of a patent portfolio include a market monopoly position for the portfolio holder and revenue from licensing the intellectual property. Non monetary benefits include strategic advantages like first-mover advantages and defense against rival portfolio holders. Constituting a patent portfolio may also be used to encourage investment.
Because patents have a fixed lifespan (term of patent), elements of a portfolio of patents constantly expire and enter the public domain.
The HULSEY PC patent portfolio practice provides the following servicees:
- Making the critical determination of when R&D becomes intellectual property involves considering the processes and costs relating to protecting market share through competitive intelligence.
- Examining special portfolio considerations that arise with ip ownership in collaboration.
- Controlling spiraling costs as pipelines get filled and portfolios go global; and
- Advanced strategic business considerations for maneuvering in the global patent market.
- Profile competitor, partner or other third-party patents against your own IP portfolio segmentation
- Distinguish between internally developed and externally acquired patents within the same portfolio
- Import patent data directly from the USPTO and esp@cenet
- Patent portfolio and process management
We have the ability to integrate data from multiple systems, databases, spreadsheets and other sources. This work includes the following actions:
- Patent drafting and prosecution workflow, and ensure that key participants know about internal and external deadlines.
- Links disclosures, drafts, pending patent cases and issued patents to the appropriate category or segment of your portfolio.
- Invention disclosure and track inventor incentive programs, pave the way for a steady stream of inventions to enter the patent process.
- review and rating workflow help the most promising inventions advance quickly.
- Decipher provides a secure central storehouse for inventions and patent drafting data.
- Its web interface makes collaboration easier for inventors, inside counsel, and anyone else who participates in your patenting process, regardless of their location.
- Use document library and available integrated email system to preserve important documents and communication trails.
- Besides improving the efficiency of the patent process, help you forecast, budget and measure expenses associated with the patenting process, making it easier to manage resources.
