The global recession, a more conservative USPTO (in terms of granting patents), and looming patent reform are changing the way patents should be pursued. For example, cost effectiveness is becoming more important than what may be ideal from a legal standpoint.
This course tackles these challenges by first presenting a checklist of questions a business should consider before investing resources in a patent. For example, is the invention something that lends itself to useful patent coverage? Have you or others engaged in conduct that will bar patenting? Can your business establish ownership of the patent rights? Do other appropriate IP alternatives, i.e., Trade Secrets, exist which are better from a business standpoint? Does the possible scope of the patent (determined after engaging in patentability research) make its filing cost effective?
Further, the course will discuss how sinking allowance rates make prefiling research critical, and are also changing the way patents should be pursued.
And thinking globally, the course will present several different strategies for pursuing a patent internationally without wasting resources. Some global cost-effective plans will be described in detail. These models are intended to maximize efficiency depending on the kind of product, and the particular international business objectives of your company.
The course will also address patent reform and how the looming changes will, and in some instances already should, be changing that way you handle your inventions.
- determine whether it makes sense to patent an invention or not
- pursue a patent globally in a cost-efficient manner
- prepare your business for patent reform