Is patent review a "pure mental matter" in many companies?

Start today to structure your patent review process so that you and your entire company can benefit from it at any time.

The requirements for a patent review team are changing

What is needed today is a way to provide everyone in the company, i.e. a wide variety of cross-departmental patent review members, with a tool that supports the assessment of a Patent family / one invention / a technology enables.

We imagine the department would like to Patent review achieve. Assessment criteria are partially prepared. For example, one would like to:

• enter the sales figures beforehand or
• decide which intellectual property right or family should be considered.

You want

• know how the decision was made last year,
• understand whether the decisions still make sense,
• how developments in the company contribute to a new decision,
• be able to determine whether the facts of the previous decision are still in line with the current company strategy,
• and much more..

What is the practice of patent valuation?

Ideally, there is now the option to invite people from across departments to participate in an assessment process. These people will receive notification that they are expected to participate in the assessment and can do so at any time.

Individuals invited to the assessment should register individually and be given a specific view where they can then submit their assessment. This includes, for example, a "extend" yes/no option and a comment field. This also includes the ability to evaluate a patent family according to a variety of criteria. These criteria are defined in advance by the company. A modern tool must be able to enable its own evaluation criteria and provide evaluation criteria at multiple levels.
The people working on it should also be able to see how they or others decided last year and who left which comments on the process at that time.

If there is a veto, for example, from the sales department or even a requirement from the sales department, for example because sales reflects that a certain patent family must be extended at all costs for sales reasons, the software must also take this possibility into account.

A well-thought-out patent review tool with various collaboration features and concise summaries is crucial for companies today for several reasons.

Efficient valuation of the patent portfolio

First, such a tool enables companies to more efficiently assess the value and relevance of patents. Patents play an important role in securing and monetizing innovations. By reviewing and analyzing patents, companies can determine whether an idea or invention is already patented, whether there are similar patents, or whether they have a unique position in the market. With a patent review tool, companies can quickly and comprehensively analyze the state of the art and make informed decisions about their own innovations.

Promoting knowledge exchange within the company

Secondly, such a tool promotes collaboration and knowledge sharing within the company. By integrating collaboration features, different departments and teams can work together seamlessly to Patent to review, share information, and collaborate on new innovations. This increases efficiency and enables the company to respond more quickly to new opportunities and drive innovation.

Valuable resources for decision-makers

Third, concise summaries in a patent review tool provide a valuable resource for decision-makers. Patent specifications are often extensive and technically sophisticated. The ability to condense complex information into concise summaries allows managers and executives to quickly gain an overview of a patent's content and make informed business decisions. These summaries can also be used to facilitate internal and external information sharing and improve communication about patents.

A sophisticated patent review tool with various collaboration features and concise summaries enables companies to optimize their innovation strategy, minimize risks, and increase patent efficiency. It supports decision-making, promotes collaboration, and strengthens a company's competitiveness in an increasingly patent-based economy.

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