5 Lesser-Known Strategies to Maximise the Value of Your IP Assets

A comprehensive IP strategy can give your business a competitive edge, protect it from infringement lawsuits, and drive new opportunities for revenue generation and growth. Selling, licensing or using patents as collateral are common ways to increase the value of IP. However, in this blog post we are going to focus on 5 lesser-known strategies that have the same impact.

1. Consider filing in the same country your competitors are in even if you aren’t active there yet

Recognize jurisdictions where patent holders, particularly your competitors, hold the most active and pending patents. Consider the patenting trends of established players in your technology space while designing your patent filing strategy. The goal is to protect the market before your product is launched. For instance, Korea, Japan, China, Europe and the US, with their large economies, are popular jurisdictions. Your competitors will not be able to launch a competing product incorporating your invention in these geographies if you file patents here.

2. Try to get the broadest claim approved and/or keep many independent claims

A patent filing with narrow claims offers limited invention protection. A competitor may find it easier to circumvent such a patent by modifying a portion of such a claim. If you have broader claims, people are unlikely to find a loophole like that. Drafting broad claims is tricky as you must guarantee that they cover all aspects of the invention found in the detailed description without infringing on other inventions. But if drafted well, and approved in examination, they are worth the additional effort. Alternatively, it may be possible to get the same coverage using a set of independent claims instead of a broad claim.

Read the full post on — “5 Lesser-Known Strategies to Maximise the Value of Your IP Assets” to know more about how you can ensure your intellectual property has competitive advantage.