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Patent Portfolio Tag

BananaIP Counsels > Posts tagged "Patent Portfolio"

Interesting Patent Pending Invention

Characters are pulling a rope written PATENT on top as this article is about Indian Patent Law Basics

  First Publication Date: 21st December 2018   Most technology and engineering companies perceive development of a good portfolio of patents as a key function that enables them to differentiate themselves from their competition, and maintain strategic advantage in their business. Companies adopt various patent generation, protection and management strategies to develop a portfolio of patents. Strategies used by companies for generation of IP include, identifying inventions generated within the company, tying up with universities to generate IP, and acquiring third party IP. Acquiring third party IP can benefit the company if the company successfully identifies good inventions generated by third party, such as...

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Practical Pointers on Managing Patents

The featured image shows a lifecycle chart with the words " IP Portfolio Management". To read this post, click here.

Adopting good house keeping practices is a prerequisite to efficient management of patents. To avoid costly mistakes while prosecuting and maintaining patents, it is necessary to have an organized, yet simple systems for file management and docketing. Being jurisdictional in nature, seeking protection for every invention involves filing and managing multiple patents in multiple countries. Furthermore, most patent strategies adopted by companies to manage the lifecycle of their product involve filing multiple patents covering different aspects of the same invention leading to a sizable portfolio of patents to be prosecuted and maintained throughout its lifetime. The difference in laws and...

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Challenges in IP Portfolio Management

The featured images shows a labyrinth or maze symbolizing the challenges faced in IP Life cycle or IP Portfolio Management. To read more click here.

  Our previous post in this series discussed the value Intellectual Property brings to business and why managing the life cycle of IP systematically and efficiently becomes imperative. However, efficient management of the IP life cycle comes with its share of challenges that need to be addressed continuously and consistently to ensure smooth prosecution life of the IP. Today’s post is aimed at discussing some of the challenges professionals in IP face while managing IP portfolios.   Challenges with respect to timelines Each IP application has numerous deadlines during its lifecycle. For each application, the process and deadlines vary based on the country where...

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Is Statement of Working of Patents For Public Interest?

Patent

Working of patents is an integral element of the Indian patent system. In line with the primary objective of patent law, which is to promote the progress of science and technology for public good and economic progress, Indian patent Act specifically mandates working of patents in India. Failing such working, a compulsory license may be granted with respect to a patent , or in the worst case scenario, the patent may be revoked. (See CHAPTER XVI- WORKING OF PATENTS,COMPULSORY LICENCES AND REVOCATION, Patents Act, 1970.) It was reported that a PIL was filed for strict compliance of the requirement to submit working...

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