Ways To Begin Properly Managing Your Patent Portfolio

Ways To Begin Properly Managing Your Patent Portfolio

IP profile management is a daunting job for most innovators. Even the name is long, even a bit troublesome. Clicking per your request maybe provides suggestions you might use with your brother. Some innovators, maybe even yourself, do not want to venture into IP profile management because of the sheer size of the job at hand. Similar to stepping into a space stacked with boxes, a room that you have to clean on your own, the job looks like too much. You dawdle, you go do other things. You hesitate.

And, if you are doing that now, do not be too upset with yourself. Everyone procrastinates when they are faced with a task that appears too huge to manage. After all, IP portfolio management is too much to do in one sitting. That is why it is better to take it one little step at a time. Identify supplementary info on this related portfolio by visiting TechPats Adds New Talent to Growing Team of Patent Portfolio Consultants - Fox29 WFLX. Start little, and begin with these steps.

Find The Categories

The first step you may wish to take with IP portfolio management is to discover the categories your patents might fall under. This may seem like an apparent step, however it is one that lots of innovators tend to neglect. Learn more on provisional patent application by browsing our striking paper. Anything that handles IP profile management can be complicated, so before you get into the more complex steps, you'll wish to have an organized portfolio. And, putting your patents into the appropriate classification is the first step in this.

State, for example, that you have a patent on a machine that can make water levitate. Certainly useful, however how would you categorize it? Occasionally, a patent can fall under a few classifications. Still, try to find the primary one while identifying the others underneath the main. In this example, you might desire to put your piece of equipment in technology as a broad category, and specify it later to be in agriculture and mining and energy and probably an excellent number of other categories.

Where Are The Patents?

Another obvious, however occasionally ignored step in IP profile management is taking a look at where you actually possess the patents. In some cases, you may have an excellent concept however not an actual patent for it. This won't do you much great when you planning to monetize things. As you categorize your patents and concepts, ensure the actual patents take concern. Give different labels for things that are just concepts.

And, while you are at this phase, stop to take a look at all you patents. If they need other patents to be functional, check and see. If so, you will wish to take down that. When you deal with the larger issues of IP profile management, getting the licenses to those other patents will come later.

And Maybe Get Some Help

After you go with some of these steps, in some cases the only thing you can do is get a small amount of aid from a company like TechPats. Lots of business deal with IP profile management and will certainly help you with the procedure, taking away the headache and providing you a clear course to head down..TechPats 100 South Main Street Suite 200 Doylestown, PA 18901 Phone: (267)-880-1720