Strategic IP Review
Our strategic IP review process is used to guide clients into ‘world’s best practice’ in their approach to intellectual property. This enables the company to save costs, avoid risk and take up opportunities which would otherwise be missed.
Context is incredibly important, so we have designed the analysis to be very flexible. It can be undertaken in 2 weeks, 2 days, 2 hours or even 20 minutes (depending on needs, time available, etc). The outcomes of a strategic review vary depending on the client and their context and cut across many areas of the business. As an example, some of the outcomes might include actions and recommendations on how to:
- Analyze product-specific IP issues and build robust IP strategies around each of them to maximize returns and reduce costs. (Whether this be for offensive or defensive purposes.)
- Increase the number of commercially viable offers resulting from R&D activities by using patent and IP strategy reviews as a way to guide the R&D activities in areas that show high market need while in the same time educating the department around documentation keeping and other.
- Incorporate best practices approaches to intellectual property issues into your current internal processes. (These might include for example, disclosure, capture and utilization of new intellectual property, scanning the landscape for relevant new IP created by third parties, and so on.)
- Align the IP portfolio of the company to its business goals to reinforce your competitive advantage. This directly impacts revenue and may also be used to increase your bargaining power, ward off competitors from infringing, create good will and so on.
- Create a series of robust internal policies and procedures in relation to such things as third party infringements, freedom to operate, litigation preparedness, negotiations, employee IP, and so on.
The outcome of the review is a practical and easily actionable set of tasks, prioritized to ensure that the most important issues are addressed first.
