Why There Is A Need For IP Portfolio Evaluation?

To protect your invention from individuals who want to take advantage of its use, you need to legalize the ownership under your name. And that would happen when you file a patent on the subject. Doing this will not only protect your rights, but you will also exploit its use for your advantages. Meanwhile, as important as the patent prosecution is the IP portfolio evaluation. After your IP has given protection, you need to subject this to analysis and evaluation. What good it could give you is directly proportional to the advantages you enjoy, and that would strengthen your ownership on the patent. In this context, the need for IP portfolio evaluation will be talked about. Check this article and find out.

  • To know the worth of the patent. With evaluation, you get to know the value of the patent. On its assessment, the patient will be classified according to its group and analyzed by its worth on its classification and relationship with the existing patents of the like. The value of patents might depend on its usability, current generated income, predicted future value and uniqueness. For some established company having great success, the value of their patent tends to be higher in the value of income/profit they could get from the business.
  • For possible infringement cases. Evaluating the patient is a good way to protect the rights of the IP. Cases will be strengthened against those that committed infringement and fines will be imposed. This is one of the great advantages of IP portfolio evaluation as the owner gets the maximum advantage of his invention.
  • To give distinction on its patent. When going through IP portfolio evaluation, the patient will be a group and classified according to its nature and uniqueness from the rest of the family. Hence, this process will not only give protection on the patent but will also give a solid distinction.
  • To define the patient according to its overall description. With evaluation, the patent’s description will be strongly recognized. Its description becomes clearer as it gets to line up with its class and family. Once the evaluation has been done, IP portfolio will have a solid document that proves its identity. It is important that patients are well evaluated for it to have a clearer description. Meanwhile, if there would be cases of infringement, the complaint will be more strengthen with the evaluation document that shows the detailed characteristics of the IP portfolio. Hence, the issue is clearly pointed out, and chances of winning the case are near to 100%.

The evaluation of IP portfolio would give additional advantage to the existence of the patent. This includes the value of the patent, solid document that proves its ownership and identity, protection and exploitation of the IP portfolio. When a case of infringement arises, the owner will get the favor as he has a strong hold on the identity of the patent. The document clearly shows how the patent has been taken advantage by the alleged, and then the case will be easier to close in favor to the owner.…

About Patent Litigation And How To Find A Lawyer

010612bChambers.04_t800_h035cec463ae51357cb906836f5d68d9af9c9ba8aWhat Is Patent Litigation?

When there is an idea that someone cares about they will often make a patent for it, which is done to protect the intellectual property of an individual. Patents are typically created by the inventor of a particular process or a particular product. They are also sometimes given to another person, called an assignee. We will refer to the assignee as the inventor throughout this article to make things simpler to understand. One seeks a patent from a sovereign state (i.e. government or judiciary). The patent is granted for the invention of a new solution to a problem that has yet to be solved. The protection of patents is a highly litigious matter that remains under close scrutiny.

How Is Patent Litigation Accomplished With Success?

Patent litigation is typically brought up when one party notices a similarity or duplicate of their invention being used, operated, sold or distributed by someone other than the inventor of the patent or his/her company. The inventor must file suit to their local judiciary or court of law wherein the patent is held. This suit is often accompanied by the inventor hiring a company to deliver a notice to the other party, which is called “serving” papers, a court summons, et cetera. The case is then seen before a judge with all evidence relevant to the inventor’s claims being presented by a lawyer that specializes in patent litigation.

The inventor will be best suited to win the case if he/she hires a person with a real experience in patent litigation work to make an injunction to stop the other party, causing them to stop use of the infringing product or invention that is of question. You should know where to turn if you are faced with this issue. This is the responsibility of the inventor, to guard against theft of their intellectual property.

Techpats lawyers that specialize in patent issues, and they know their way around the court room to present evidence against the infringer. These professionals present issues when the stakes are high, and when the infringer has clearly committed these illegal acts it is an open-shut case. This is especially true when referring to technology patents, which are a popular patent issue today. You should always do your research and work with a professional who understands these types of cases.…