Patenting is an essential business activity for today’s technology companies. Used properly, patents are powerful business tools for foiling your competitors, and they are one of the best ways to protect new products and processes. The right combination of patents can be worth millions of dollars to its owner.
The law governing patents and patenting is complex and changes often. The relationship of patents and other intellectual property assets to business strategy has evolved rapidly in the last decade or so. The costs involved in securing intellectual property assets are difficult to predict. As an intangible business asset, patents and other intellectual property assets can be difficult to manage.
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