Patent quality and improved innovation
The creation of high-quality patents not only enhances a company’s ability to protect its market share and derive licensing revenue, but also improves the innovation process itself
A comprehensive patent strategy can help companies to innovate more precisely by aligning their business needs, avoiding patents that will be invalidated if challenged, improving the quality of the patents that they do apply for and improving the innovation itself. This in turn can help to reduce the cost of acquiring patents and ensure the efficacy of those patents within the corporate strategy. Practitioners who embrace such a strategy will quickly win respect as high-quality innovators.
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