Are You Prepared To Face The Patent Office As It Is Going To Grant Only Narrow Patents?
Chemical and pharmaceutical companies protect their investment in research and development and the future of the companies by securing patents on their inventions. Success or failure of the company often depends on the strength of the patent or in its ability to resist competition.
Recently, the United States Patent and Trademark Office proposed changes to the way patents will be processed with a view to reduce patent Examiner’s work load. These changes could drastically limit the company’s ability to secure strong patents. Under the current practice, if the company is not happy with the Examiner’s refusal to grant a patent, the company can file one, two, or more continuation patent applications so that additional exchanges can take place between the applicant and the Examiner.
Intellectual Property
Over the course of humanity, every discovery has yielded more questions as we continue to explore new territory. As we continue to explore the frontier known as cyberspace, and discover new ways to use the medium, we are opened up to more ethical dilemmas and questions. Intellectual property has always been a thorny issue. The internet however raises new problems for businesses and individuals seeking to protect their intellectual property. With the easy access to information, protecting your IP is a virtual minefield.
Five Key Questions About Ip Help Increase Market Value And Improve Bottom Line Results
Intellectual assets are critical to business success in today’s global market.
If you are a CEO, CFO, GC or other business leader, asking questions about these assets will help you to bring added value to your company.
Failure to consider these issues yields adverse business consequences, including unrealized value, unnecessary expense and legal risk.
Routine attention to intellectual asset management can avoid these consequences, yet many businesses miss this opportunity simply for lack of knowledge and attention.
Intellectual Assets
What are intellectual assets? Essentially these encompass all of the intangible assets of an enterprise.
Why You Need To Care - Intellectual Property
Protecting intellectual property has a high strategic value to almost every company. If competitors gain access to your IP, the cost is enormous; companies may commit millions of dollars to investigating new drugs, writing program source code, or developing new products. Smaller companies may store IP in a central database, while international companies may have employees around the world involved in research, development, and code writing-making it imperative to monitor traffic leaving and entering every location for IP. Companies also need to monitor communications with partners and with regulatory agencies they interact with, such as the Food and Drug Administration.