Intellectual property rights are essential to the success of any technology company. Patents, in particular, provide a critical means for protecting and monetizing innovations, and building a robust patent portfolio is an important aspect of any company’s business strategy. However, the changing landscape of patent law, particularly the impact of the Patent Trial and Appeal Board (PTAB), has made it harder for companies to protect their intellectual property rights. In this article, we will explore the challenges that companies face in building a robust patent portfolio and strategies for mitigating the risks of invalidity.
Building a Robust Patent Portfolio
Patent portfolios are not one size fits all, and companies need to think carefully about what they want to protect and how to do it. A robust patent portfolio should be composed of a variety of patent families, each covering different aspects of the technology or product. This approach helps to ensure that the company’s intellectual property rights are protected from different angles and that the risk of invalidity is reduced.
Mitigating the Risks of Invalidity
The risks of invalidity are ever-present, and companies need to have strategies in place to mitigate them. One approach is to focus on building a larger patent portfolio with many patent families. This helps to ensure that the company has a broader range of intellectual property rights to fall back on in case any particular patent is invalidated.
Another strategy is to develop a robust intellectual property strategy that is integrated into the company’s business strategy. This includes not only developing and protecting patents but also thinking about licensing, litigation, and other IP-related issues.
Contact the Experts
Navigating the complex landscape of patent law and building a robust patent portfolio is a challenging task for any company. At this point, it’s important to contact the experts who can guide you on intellectual property strategy, the best approach for filing patents, and how to maximize the value of your intellectual property. By working with experts who understand the nuances of patent law and can provide guidance on best practices, companies can mitigate the risks of invalidity and protect their intellectual property rights.
Conclusion
The changing landscape of patent law, particularly the impact of the PTAB, has made it harder for companies to protect their intellectual property rights. However, by building a robust patent portfolio with many patent families and developing a comprehensive intellectual property strategy, companies can mitigate the risks of invalidity and ensure that their intellectual property rights are protected. Contact the experts at ipCapital Group to learn more about how we can help you build a robust patent portfolio and maximize the value of your technology and intellectual property.