Instead, you can try and sell, license or donate it. If a given technology or other patented asset is collecting dust, you might not want to renew it. Patent holders are responsible for maintaining and tracking the usage of their patents and paying the appropriate periodic government renewal fees. Once a patent is approved, it has a finite lifetime. Because the application process is often very complicated, patent offices highly recommend working with experienced patent attorneys to handle this process. Typically it is outside counsel that manages this process and related docketing activities.ĭocketing is the overarching name for activities that include management of paperwork and meeting filing deadlines specified by the government patent office. There may be more tweaks as an application is prepared, and then submission to the appropriate patent office and the prosecution stage begins (the back & forth with the government patent office). If the invention is deemed meritorious enough for the pursuit of patent protection, some organizations prepare their own provisional or nonprovisional patent applications.
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These reviews can and often do take place multiple times for a single invention. The reviewers assess, rate, rank, score, and highlight potential flaws in the supporting documents and descriptions for the invention, which are then addressed by the inventor. The innovation team consists of internal counsel and an invention review panel of varying disciplines. Invention DisclosureĪn internal review process often occurs with every invention.
Prototypes or drawings can be created to provide a more accurate description of the end product or process. When they’ve arrived at a solution or concept, they’ll draw up plans and gather the resources necessary to make it a reality. Typically, innovation teams work to address a common problem facing their organization, industry, or the world at large when developing their idea. Procedureįor most companies, patents result from the following stages: Conceptualization Patents are also used to protect newly engineered plant species or strains, as well.
Used to protect inventive ideas or processes – things that are new, useful and nonobvious - patents are what most often come to mind when thinking of IP protection. Read the descriptions below to get some of the basics. Depending on what you’re doing, you might be able to use a “belt & suspenders” approach and apply multiple forms of protection, or one approach might be the most sensible. Each has their own attributes, requirements and costs.īefore narrowing your focus on which form of protection to use, know that these forms of protection are not mutually exclusive. In most countries, there are four primary types of intellectual property (IP) that can be legally protected: patents, trademarks, copyrights, and trade secrets. Intellectual property protection isn’t as simple as declaring ownership of a particular product or asset.
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