Tag: Patent Licensing
June 11, 2020
Intellectual Property | Patent
Intellectual Property | Patent
Patent Strategies for Innovative Companies
Patents are a measure of innovation. A healthy patent portfolio of a company indicates that the company has invested significant time, money, and effort in research and development activities within the organization. It also indicates that the company is evolving and constantly striving to bring newer and better products or services into the market.
However, patents need to be also looked at as business opportunities and should, ideally, align with the business strategies of the company. Owning a patent gives a company the legal right to commercially exploit its innovation and prevent competitors from imitating or replicating its innovation. Every innovative company, therefore, needs a good Patent Strategy to be successful in the long run....