In the modern global economy, some businesses have begun to question the value of patents. However, many businesses still live or die by their ability to protect their intellectual property.
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Regardless of how important they are to your business, here are four tips for managing your patents better.
Prioritize Your Patents
For some businesses, their patents are absolutely essential to their survival. Failing to patent key concepts and creations or failing to enforce the patents that you hold can prove fatal for your business. The only way to ensure that your patents are protected and that you are able to gain maximum value from them is to make them a priority for your business.
That means that you need to be prepared to make the necessary investments in people who can help you to formalize, file, and protect your patents. You also need procedures in place to instantly identify the need for a patent and to ensure that your patents are not being infringed upon.
Get A Patent Lawyer
Depending on the size of your business and the scope of what your business does, you might want to keep a lawyer on retainer so that you … Read More
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