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Business Uses for Patents

Licensing Patents as Part of Your Overall Patent Strategy

Outbound licensing is one option with a good patent portfolio. One or more patents can be developed for a licensing strategy in conjunction with or separate from a company’s main product. There are some technologies that are so large that one company may not have the resources to bring the technology to market or where the…

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Defensive Patent Strategies

Patents and patent applications are very effective marketing tools and deterrents to competitors. When a patent application is filed, a product may be properly marked as “patent pending.” This marking serves two very important functions. In a general marking sense, the “patent pending” or “patented” markings indicate to consumers that the product is unique and cannot…

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Patents Help Sell Your Company

When building a patent portfolio with the intent to sell a company, the main audience is not potential infringers, but the acquiring company. Depending on the situation, the acquiring company may have any of several different reasons for the acquisition. For example, the acquiring company may be looking to add an existing product to its product…

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Drafting Patents for Licensing

Patents that are intended for licensing have a distinctively different feel to them and a different method of drafting than patents that protect a specific product line. Here, our intent is to protect an idea that may potentially be more valuable at the end of the patent life and may be used in ways that…

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Protecting a Product With Patents

Most companies get patent protection to protect a product.  This is the first line of defense and is the most simplistic manner to use patents.  In this case, the business interest is two fold.  The primary goal is to prevent competitors from directly infringing the product going out the door and the secondary goal is to set…

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Patents that Protect a Business Advantage

A good patent is one that protects a business advantage. I often ask entrepreneurs to tell me your competitive advantage – what is the weakness in the market that you are going to exploit? This can be one or many market weaknesses. For example, a competitive advantage is that your product is “easy to use”.…

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