Five Ways to Control Intellectual Property Costs

Protecting IP is expensive, but understanding the process of obtaining patents at home and abroad can help companies distribute resources efficiently.

Whether to obtain patent coverage outside the home market is an important question for medical device developers to consider. A company might choose to patent an invention outside its home nation for marketing reasons (so a product can be sold in foreign markets, for example) or strategic purposes (to block competitors, perhaps).

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Top-10 Most Common Intellectual Property Rights

Patent trolls: No work and all play

As I dimly recollect from my childhood readings of assorted European mythical tales, the trolls were mischievous little people who amused themselves by playing practical jokes on fellow trolls and other creatures. They were not necessarily vindictive but they could be a real nuisance. The term “patent troll” is a more recent usage which has taken on a somewhat pejorative cast.

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Canada Picks Up Pace in Patents

Canada is winning patents at a record pace, as companies push to innovate despite sluggish research and development spending in the wake of the recession.

U.S. patent authorities issued a record 5,223 patents to Canadian firms and individual inventors last year, up 20 per cent from 2009.
The U.S. is the preferred global venue for companies and individuals seeking to enforce their legal rights and secure commercial success.

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Mistakes During Venture Capital Due Diligence

Too late to start filing us and international patent applications

Unfortunately for many good technology companies, it may be too late to file for patent protection. The current U.S. rule generally provides applicants with a 1-year grace period during which a patent application must be filed after certain public or private disclosure of the invention.

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