Patent Litigation Analysis is an Important Part of Your IP Landscape, Here’s Why
Patent lawsuits serve as a crucial mechanism for individuals or organizations to protect their market share by blocking the sale of infringing goods. Current data suggests that approximately 6,000 IP lawsuits are filed annually. Thus, it’s vital for IP owners to stay informed about litigation trends relevant to their technological sectors.
When considering entering or investing in a new technological field, companies frequently conduct what is known as a Technology or Patent/IP Landscape. This assessment provides an overview of existing innovations within a given technology sector, aiding in informed decision-making about R&D directions, market-entry, or potential collaborations.
However, the focus of these patent landscapes frequently leans more toward technological and market considerations, often overlooking the aspect of litigation. Understanding who is enforcing their patents in your target technology area is crucial. There’s a growing trend of non-practicing entities (NPEs) asserting patents, and awareness of their presence in your target sector is essential for formulating an effective go-to-market approach. Gaining such insight into likely legal hurdles beforehand enables companies to more strategically plan their research, innovation, and market entry endeavors.
For a deeper understanding of why litigation analysis is key to your IP strategy, check out our blog post: Patent Litigation Analysis is an Important Part of Your IP Landscape, Here’s Why