The patent review, in many companies "pure headache"?

Start designing the patent review today so that you and the entire company can benefit at all times.

The requirements for a patent review team are changing

What is needed today is a possibility for all persons in the company, i.e. various cross-departmental patent review members, to provide a tool that enables the assessment of a patent family / an invention / a technology.

We imagine that the specialist department would like to obtain a patent review. Evaluation criteria are partly prepared. For example, they would like

  • enter the sales figures in advance or
  • decide which property right or family should be considered at all.

One would like

  • know what was decided in the previous year,
  • understand whether the decisions still make sense,
  • how developments in the company contribute to a new decision,
  • The company must be able to recognize whether the facts of the previous decision are still in line with the current corporate strategy,
  • and much more...

What is the practice of patent valuation?

Now, ideally, there is the possibility to invite people across departments for an appraisal process. These persons receive notices that they are to participate in an appraisal and can do so at any time.

People invited to the assessment should log in individually and get a specific view where they then submit their assessment. This includes for example "extend" yes/no and a comment field. This also includes that a patent family can be evaluated according to various criteria. These criteria are defined in advance by the company. A modern tool must be able to enable its own evaluation criteria and make evaluation criteria available at several levels.
The people working on it should also be able to see how they or others decided last year and who stored which comment on the process at that time.

If there is a veto from the sales department, for example, or if there is a must from the sales department, for example, because the sales department 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-designed patent review tool with various collaboration features and crisp summaries is critical for companies today for several reasons.

Efficient valuation of the patent portfolio

Firstly, such a tool enables companies to assess the value and relevance of patents more efficiently. 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.

Knowledge exchange promotion 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 review patents, 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, crisp summaries in a patent review tool provide a valuable resource for decision makers. Often, patent specifications are voluminous and technically challenging. 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 sharing of information and improve communication about patents.

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

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