Every research and development project goes through several stages during its lifespan. It is important that each stage is associated with certain intellectual property activities in order to provide further protection for your new product to enable you to become or continue to be a leader of your field.
A patent search to evaluate the state of the art should be performed. This step is critical in order to decide whether it is potentially profitable to initiate the specific project or if it may be best to explore alternatives.
A patent search for patentability analysis must be performed in order to stress the innovative elements of your invention over the prior art (any published idea, product or technology). This will help determine the best way to provide the broadest protection for your invention. This search is also useful in negotiating with potential clients. A new product has much more value if it is proven to be innovative and its IP can potentially be protected.
We’ll perform a patent survey for non-infringement to assure that your device does not infringe any existing patent. In fact, this should be done periodically. This search is critical as litigations in the field of Intellectual Property are very expensive and damages could skyrocket, if you cannot prove that you have made every effort (searches included) to prevent infringement. The periodic search is also effective for monitoring the field of your invention to uncover other companies infringing on your patent.
Additionally, there are other activities related to Intellectual property that need to be performed as part of company’s competitive intelligence strategy. One of the critical things is a patent search for evaluation of your competitors’ market.
We’d like to present you with two different alternatives to work with us:
ONE - All Intellectual property activities that you require are performed and managed through our company. We have an extensive global network of patent agents and attorneys and by applying it to your services, we can optimize your IP management.
TWO - You can work with a patent attorney of your choice and we’ll provide our services at every stage of patent life, from initial searches to patent international examination management, maintenance and value extraction. Think of us as of the “Construction Supervisor” for your patents.
It is important to note that LCG is an IP Management firm and not a law firm. We proudly come to the table with a better understanding of your needs which in turn enables us to provide faster, more effective solutions at lower rates than our competitors.
While resting on laurels of the next revolutionary product you just had invented, you may want to get some more inspiration from this sample of popular inventions which present some of the brilliant ideas and remarkable marketing success. You may also find here a few peculiar ideas found at various patent databases…