The way a business or company uses its patents can determine, to a great degree, its success or failure. Intellectual property is a very important asset to companies that deal with technology, science, or design, and innovative and creative members of the company’s team often come up with unique ideas and approaches to solve various problems. How a company decides to use and to protect these ideas is called a patent strategy. Many businesses really have no true strategy, and they suffer as a result. That’s why it’s important to develop a coherent strategy that addresses the operation of the business as a whole as well as its goals and purpose. Hiring an experienced patent strategy attorney to help create this plan is a great way to ensure that it gets done intelligently.
Using Patents to Add Value
Companies that focus on technology or science spend much of their revenue on research and development of new products. How can they get that revenue back in profits? Using patents to add value to the company is one way, and there are many ways to do this. Patents can be obtained for exclusive rights to market or sell a certain technology, or the patent license can be sold to another business who will make use of it and pay royalties on that use. Those who make decisions about how the intellectual property of a business will be handled need to understand the current market and what sort of competition exists. The strategy that your business uses will be unique to its operation and goals.
Call to Schedule an Appointment With a California Patent Strategy Attorney Today
If you want to learn more about how creating an intellectual property strategy can benefit your business, call to schedule a consultation with a California patent strategy attorney today. The experienced legal professionals at the Law Offices of Dorian Cartwright will sit down with you and discuss the goals of your business as well as where it fits into the big market picture. We serve the cities of San Jose, Palo Alto, Mountain View, Santa Clara, San Francisco and surrounding communities. Check out our web page at cartwrightesq.com or give us a call at 1-800-810-8030 and let us help you form an effective patent strategy today.