Patent/Market Watch Services
Succinctly put, Patent or Market Watch is a best practice that promises high returns by discovering areas of competitive development as well as those of matured technology, and the current changes happening within. To prevent jeopardising the exclusive rights of a patent in terms of its manufacture or sale, and other technical aspects of its value, it is crucial to legally protect the monopoly on inventions and prevent infringement of rights.
In today’s competitive patent arena, constant surveillance of the patent helps avoid possible costs that may arise because of third-party actions intended to harm these sole development rights. Given the fast-paced advancement in technology, its vital to build and have ready at hand defensive strategies by carefully monitoring similar inventions and their specific characteristics which bear resemblance to one’s patent.
It allows one to examine the boundaries of new patents and extract valuable minutia of their claims which in turn aids in discovering any untapped areas of innovation and strengthening one’s own IP portfolio.
Market watch delves into the IP space of the key competitors with the view of gaining this insight into their R&D strategies, technological development and current patenting activities providing invaluable opportunities to modify any design aspects that may hold future infringement risks and costs thereof. With IP watch there is not only scope to remain ahead of the competition, but also the chance to analyse any expired patents which may hold current development potential and scope for new patentable ideas. Checking abandoned patents can help isolate information that can soon become public knowledge and from that pinpoint ideas which are safe to use for future development. It also helps scrutinise newly issued patents and published patent applications which allows one to protect the business and counteract any possible infringements. As a result, it becomes easy to take advantage of the information and continue to remain at the forefront of innovation.
This knowledge of the market dynamics is paramount to emerge as formidable players in an industry that is ever changing and highly demanding. Our team of dedicated analysts are experienced in following and closely monitoring the pertinent IP space over extended periods of time and provide real time updates. Knowing this need for a hyper-focused and strong patent portfolio, we endeavour to provide our clients with the most sustainable growth plans.